The Direct Selling Association (DSA) praised an Executive Order expanding access to retirement savings for independent workers. This new Order instructs the US Department of the Treasury to establish a federal platform that would connect workers without employer-sponsored retirement plans to high-quality, low-cost Individual Retirement Accounts (IRAs). In tandem, it would advance a federal matching contribution of up to $1,000 annually for eligible individuals.
The DSA stated that this would address a “longstanding gap in access to retirement savings tools” for direct sellers “without altering the independent contractor model that defines the channel.”
According to the DSA, the new federal platform would benefit direct sellers by delivering a simplified way to compare and select IRAs through a centralized platform and offer portable savings that could stay with an individual across companies and income streams.
“Direct sellers represent millions of Americans building business on their own terms, without access to traditional retirement benefits,” said Dave Grimaldi, Direct Selling Association CEO. “This Executive Order recognizes that reality and takes a constructive step forward by expanding access to savings tools and introducing a meaningful federal match. Supporting independent work means building around it, not trying to change it, and this is a step in the right direction.”
