Trump Accounts are on track to reach roughly 70 million auto-enrolled children by mid-October, Social Security Administration Commissioner and Internal Revenue Service CEO Frank Bisignano said. About 7 million children have already had accounts activated by a parent or guardian, and roughly 25 million accounts are expected to be funded by then. Treasury has automatically enrolled more than 60 million of approximately 73 million eligible children, eliminating the need for parents to initiate enrollment, although families must still claim accounts before contributions or the $1,000 government seed deposit can be made. The accounts are for U.S. children under 18; those born from 2025 through 2028 can receive the one-time federal contribution, while families may contribute up to $5,000 annually and employers up to $2,500. Private-sector support includes commitments from Michael and Susan Dell, American Airlines Group, Goldman Sachs and Morgan Stanley, while roughly 72 companies have signed on to offer newborn matching grants. Social Security records, banks, tax preparers and a mobile app are being used to reach families and help them monitor account growth.