Deferred compensation plan requirements modified.

This bill modifies Minnesota's deferred compensation plan requirements to enhance transparency and flexibility for public sector employees. It mandates that plan administrators or vendors disclose annual fee information and historical investment returns for each available fund in a clear, understandable format. The legislation also updates matching contribution rules, allowing employers to match employee contributions dollar-for-dollar up to specific limits and permitting additional matching for qualified student loan payments. These changes apply to employees of school districts, state agencies, and other governmental subdivisions, while excluding certain university system employees.