Minnesota Secure Choice Retirement Program; penalties for noncompliance added, and criminal penalties provided.

HF 2943 adds enforcement mechanisms to Minnesota's Secure Choice Retirement Program. It imposes escalating financial penalties on employers who fail to enroll eligible employees or distribute required information (starting at $100 per employee on the second anniversary of noncompliance, rising to $500 annually after the fourth year). The bill also creates a misdemeanor charge for employers who willfully fail to remit employee contributions withheld from paychecks within 10 days of a demand. Employers must pay withheld contributions plus interest for delays, and employees or the attorney general can pursue civil or criminal action for violations. This directly affects Minnesota employers participating in the Secure Choice program.