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Read. Follow. Verify.Utah Establishes Online Retirement Plan Exchange for Private Employers
Last action · March 24, 2026: Governor SignedSponsors: Joseph Elison and 3 others
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What This Bill Does
The state treasurer's office is required to establish and maintain a secure online retirement plan exchange for private employers by January 1, 2027. The platform allows eligible employers to review, compare, and select qualified automatic-enrollment individual retirement accounts or 401(k) plans for their employees.
Private employers in Utah gain a centralized state-managed portal to compare retirement plan options and fees for their workers, while participating plan providers must submit annual asset and participation reports that are classified as s.
- State-facilitated retirement programs have been adopted in multiple states to help private-sector workers without access to employer-sponsored retirement plans save for the future. context
- Utah's GRAMA (Government Records Access and Management Act) governs public access to government records, including exemptions for confidential commercial and financial information. context
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Eligible employers
Non-governmental employers operating in Utah can review, compare, and select qualified retirement plans for their employees through the new online exchange.
Eligible employees
Workers receiving W-2 compensation from participating employers are automatically enrolled in selected retirement plan options with the ability to opt out or change contribution rates.
Participating plan providers
Plan providers must apply for listing, comply with monitoring and reporting requirements, submit annual fiscal reports, and notify the state of legal or regulatory actions.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
Who is eligible to use the retirement plan exchange?
Are the annual reports submitted by retirement plan providers open to the public?
Can the state assume fiduciary responsibility for plans offered on the exchange?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Current status: Signed into law.
Procedural history
43 actions- Mar 24, 2026Lieutenant Governor's office for filingEnrolledGovernor Signed
- Mar 12, 2026HouseHouse/ to Governor
- Mar 12, 2026HouseHouse/ received enrolled bill from Printing
- Mar 6, 2026HouseHouse/ enrolled bill to Printing
- Mar 6, 2026Clerk of the HouseEnrolled Bill Returned to House or Senate
- Feb 25, 2026Legislative Research and General Counsel / EnrollingDraft of Enrolled Bill Prepared
Show 37 earlier actions
- Feb 25, 2026Legislative Research and General Counsel / EnrollingBill Received from House for Enrolling
- Feb 20, 2026HouseHouse/ signed by Speaker/ sent for enrolling
- Feb 20, 2026HouseHouse/ received from Senate
- Feb 20, 2026SenateSenate/ to House
- Feb 20, 2026SenateSenate/ signed by President/ returned to House
- Feb 20, 2026SenateFloorSenate/ passed 3rd reading
- Feb 20, 2026SenateSenate/ 3rd reading
- Feb 19, 2026SenateFloorSenate/ passed 2nd reading
- Feb 19, 2026SenateSenate/ 2nd reading
- Feb 18, 2026SenateSenate/ placed on 2nd Reading Calendar
- Feb 18, 2026SenateSenate/ committee report favorable
- Feb 18, 2026SenateSenate Comm - Favorable Recommendation
- Feb 13, 2026SenateCommitteeSenate/ to standing committee
- Feb 12, 2026SenateIntroducedSenate/ 1st reading (Introduced)
- Feb 11, 2026ReleasedLFA/ fiscal note publicly available for HB0250S01
- Feb 10, 2026SenateSenate/ received from House
- Feb 10, 2026HouseHouse/ to Senate
- Feb 10, 2026HouseFloorHouse/ passed 3rd reading
- Feb 10, 2026HouseHouse/ substituted
- Feb 10, 2026HouseHouse/ 3rd reading
- Feb 10, 2026Version SponsorLFA/ fiscal note sent to sponsor for HB0250S01
- Feb 9, 2026Legislative Fiscal AgencyLFA/ bill sent to agencies for fiscal input for HB0250S01
- Feb 9, 2026Legislative Fiscal AnalystLFA/ bill assigned to staff for fiscal analysis for HB0250S01
- Feb 2, 2026HouseHouse/ 2nd reading
- Feb 2, 2026HouseHouse/ committee report favorable
- Jan 30, 2026HouseHouse Comm - Favorable Recommendation
- Jan 28, 2026HouseCommitteeHouse/ to standing committee
- Jan 23, 2026HouseHouse/ received fiscal note from Fiscal Analyst
- Jan 22, 2026ReleasedLFA/ fiscal note publicly available for HB0250
- Jan 22, 2026Version SponsorLFA/ fiscal note sent to sponsor for HB0250
- Jan 20, 2026HouseIntroducedHouse/ 1st reading (Introduced)
- Jan 20, 2026HouseHouse/ received bill from Legislative Research
- Jan 17, 2026Version SponsorLFA/ fiscal note sent to sponsor for HB0250
- Jan 14, 2026Legislative Fiscal AgencyLFA/ bill sent to agencies for fiscal input for HB0250
- Jan 14, 2026Legislative Fiscal AnalystLFA/ bill assigned to staff for fiscal analysis for HB0250
- Jan 14, 2026Legislative Research and General CounselNumbered Bill Publicly Distributed
- Jan 14, 2026Legislative Research and General CounselBill Numbered but not Distributed
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
State-Facilitated Retirement Access
The establishment of a publicly accessible online exchange shifts the state's role toward facilitating private-sector retirement coverage options for small and mid-sized businesses.
Connected Entities
Sources
le.utah.gov
Analysis Score
0–100- Significance75How much this matters to a regular citizen
- Controversy15Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz30Current news / social attention level
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