Bill > HB0250

This bill establishes a retirement plan exchange for private employers in Utah, creating an online portal managed by the state treasurer's office where eligible employers can review, compare, and select qualified retirement plans for their employees. The exchange will feature "automatic-enrollment individual retirement account arrangements" and "automatic-enrollment 401(k) plans," which are retirement plans designed to automatically enroll employees unless they opt out, making it easier for workers to save for retirement, especially those in small businesses. The bill also outlines the criteria for plan providers to be listed on the exchange, requires annual reporting from participating providers, and specifies that these reports will be considered protected records, meaning they are not publicly accessible. The state treasurer's office will provide educational resources on retirement savings and promote the exchange to small businesses, with the platform expected to be operational by January 1, 2027.

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https://le.utah.gov/~2026/bills/static/HB0250.html