summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation relative to the 401(k) CORE plan. State Administration and Regulatory Oversight.
AI Summary
This bill amends Section 64E of Chapter 29 of the Massachusetts General Laws, which relates to the 401(k) CORE plan. The key provisions are: (1) it removes the requirement that the plan be limited to employers with 20 or fewer employees, allowing larger employers to participate; and (2) it allows the state treasurer or their designee to seek to reduce operating expenses for the plan through private donations or grants, including direct and indirect fundraising. This expands access to the 401(k) CORE plan and provides more flexibility in funding its operations.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Accompanied H35 (on 12/27/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/S2084 |
| Bill | https://malegislature.gov/Bills/192/S2084.pdf |
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