CHARTER JOINS 'INVEST IN AMERICA' TRUMP ACCOUNTS INITIATIVE, DEEPENING SUPPORT FOR EMPLOYEES AND THEIR FAMILIES
Company to Match Federal Contributions to Help Build a Stronger Financial Future for Spectrum Employees and their Children
STAMFORD, Conn., July 21, 2025 /PRNewswire/ -- Charter Communications, which operates under the Spectrum brand in its local communities, today announced its participation in the federal "Invest in America" Trump Accounts initiative, further strengthening the Company's commitment to its 100% U.S.-based employee workforce. Charter will match the federal government's $1,000 contribution for its employees' children, doubling the impact of the program for thousands of working families across the country. In addition, the Company plans to offer employees additional ways to direct their own pay into their children's "Invest in America" Trump Accounts.
"When employees know their children have a pathway to financial security, it shapes how they view their future and their place at Spectrum – that's good for customers and our communities, and that's good business," said Chris Winfrey, President and CEO of Charter Communications. "Our participation in 'Invest in America' Trump Accounts benefits the children of Spectrum employees with a dollar-for-dollar match of the government's $1,000 investment. This initiative helps nurture future prosperity, supporting our employees and their families as we grow together."
Charter's participation in "Invest in America" Trump Accounts builds on its broader commitment to employee financial security, and specifically, its frontline, U.S.-based sales and service workforce. The Company recently introduced an Employee Stock Purchase Plan (ESPP) that gives employees the option to purchase Charter stock and receive matching Restricted Stock Units (RSUs) based on tenure. In the ESPP's first six-month enrollment window, nearly 20% of eligible employees participated. Charter also offers a market-leading retirement plan with a Company contribution of up to 9% of eligible pay per year; comprehensive health benefits for which Charter has absorbed the full annual cost increase for the last 12 years; and a starting wage of at least $20 per hour, nearly three times the federal minimum wage.
Promoting financial well-being is one part of Charter's investment in its workforce, alongside meaningful opportunities for development and career growth. High quality craftsmanship from U.S.-based employees is what Spectrum customers want and why the Company backs its work with a market-leading Customer Commitment for reliable connectivity, same-day service and money-back guarantees when these standards aren't met.
Charter's Education Benefit covers 100% of tuition costs for full-time employees pursuing select degrees and certificates, and its self-progression programs for frontline roles provide the opportunity for employees to advance their careers and increase their earnings. In Field Operations for example, employees complete coursework and receive a $500 completion bonus to advance to the next level, earning up to a 10% increase in their hourly wage with each new level. The Company also intends to create a path for employees to direct these completion bonuses to their children's "Invest in America" Trump Accounts.
By participating in "Invest in America" Trump Accounts, Charter is extending its long-standing employee support to directly benefit the next generation. This new benefit adds to the Company's broader strategy to attract and retain talent, strengthen families and support employees at every stage of life.
About Charter
Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity company and cable operator with services available to more than 57 million homes and businesses in 41 states through its Spectrum brand. Over an advanced communications network, supported by a 100% U.S.-based workforce, the Company offers a full range of state-of-the-art residential and business services including Spectrum Internet®, TV, Mobile and Voice.
More information about Charter can be found at corporate.charter.com.
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SOURCE Charter Communications, Inc.