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Steak ’n Shake announced this week that it will match $1,000 in federal investment contributions for the newborn children of its employees, joining a growing number of companies participating in a new government-backed savings initiative aimed at helping families build long-term wealth for their children.
The restaurant chain said it will provide a $1,000 match to so-called Trump Accounts established for employees’ children born between 2025 and 2028. The company announced the benefit in a Jan. 28 social media post.
“By funding tax-advantaged investment accounts for our employees’ children, we are ensuring that the next generation of Americans participate from birth in our free-market, wealth-building economy,” Steak ’n Shake stated in the post.
The company added that it was committed to giving back to its communities after benefiting from the country’s economic prosperity.
Trump Accounts were created under the “Big, Beautiful Bill” passed in 2025. The program provides a one-time $1,000 federal contribution for every American child born between Jan. 1, 2025, and Dec. 31, 2028. Families may contribute up to $5,000 annually, with up to $2,500 eligible to come from employers as a benefit. The funds are invested in U.S. index funds and grow tax-deferred until the child reaches adulthood.
The Trump administration cited Steak ’n Shake as one of several participating companies during a Trump Accounts summit held Jan. 28 in Washington.
“Today, Steak ‘n Shake, Broadcom, Intel, IBM, JP Morgan, Chipotle, Coinbase, and Comcast all announced that they will offer matching contributions as well,” said U.S. Secretary of the Treasury Scott Bessent at the event.
Other companies, including Charles Schwab, Uber, Charter Communications, Bank of New York Mellon, State Street, Mastercard, Visa, Block, Robinhood, SoFi, Chime, Russel Investments, and Dell Technologies have all announced that they will match employee contributions to Trump Accounts “in a variety of forms that work best for their employees” Bessent said.
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