Utah Retirement Plan Exchange

HB 250 establishes a state-run online retirement plan exchange for private employers in Utah, allowing them to compare and select retirement plans for their employees. The bill requires the state treasurer's office to create a publicly accessible platform listing qualified retirement plans, setting rules for plan types, presentation, and provider reporting. Retirement plan providers listed on the exchange must submit annual reports, and the treasurer can remove listings for noncompliance. The bill does not appropriate new funding and focuses solely on creating this comparison tool, directly affecting Utah private employers seeking retirement options for staff.