All Roll Calls
Yes: 130 • No: 4
UtahH.B. 2502026 General SessionHouse
Utah Retirement Plan Exchange
Sponsored By: Joseph Elison (Republican)
Signed by Governor
Economic DevelopmentWorkforce ServicesPublic Retirement and InsuranceGovernment Operations (State Issues)Constitutional OfficersState Treasurer
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Utah employers get retirement plan comparisons
The law creates a secure, public retirement plan comparison website run by Utah’s treasurer. Private employers operating in Utah with at least one W-2 employee can use it, without having to offer a plan. It lists automatic-enrollment retirement accounts and 401(k) plans, with fees, investment performance, enrollment steps, and educational tools. Outreach focuses on small businesses with 50 or fewer employees. The office must establish the platform and accept provider applications by November 2, 2026; operations must begin by January 1, 2027. Providers must apply, meet legal standards, accept monitoring, and promptly report legal or regulatory actions affecting compliance. The office can suspend or remove providers for misleading information, excessive fees, asset mismanagement, or other listed failures. For the first 24 calendar months, neutral rules can limit listed providers. The office can limit plans shown to each employer, but must present providers fairly and publish the full plan list. The state does not sponsor plans, take on duties to manage participants’ money, give personal investment advice, or guarantee returns. The treasurer must adopt operating rules; outside contractors cannot be plan providers. The law takes effect May 6, 2026, and provides no new funding for the exchange.
Retirement provider reports get disclosure protections
Participating retirement plan providers must send the Utah treasurer annual reports for each fiscal year. Reports include employer and employee counts, plan assets, average account balances, employee opt-out rates, and major plan changes. The law classifies these reports as protected government records, limiting public access. This does not change who qualifies for retirement benefits.
Sponsors & Cosponsors
Sponsor
Joseph Elison
Republican • House
Cosponsors
Brady Brammer
Republican • Senate
David Shallenberger
Republican • House
Jason E. Thompson
Republican • House
Roll Call Votes
Senate vote • 2/20/2026
Senate/ passed 3rd reading
Yes: 23 • No: 1
Senate vote • 2/19/2026
Senate/ passed 2nd reading
Yes: 24 • No: 1
Senate vote • 2/18/2026
Senate Comm - Favorable Recommendation
Yes: 6 • No: 0
House vote • 2/10/2026
House/ substituted
Yes: 0 • No: 0
House vote • 2/10/2026
House/ passed 3rd reading
Yes: 71 • No: 1
House vote • 1/30/2026
House Comm - Favorable Recommendation
Yes: 6 • No: 1
Actions Timeline
Governor Signed
3/24/2026House/ to Governor
3/12/2026HouseHouse/ received enrolled bill from Printing
3/12/2026HouseHouse/ enrolled bill to Printing
3/6/2026HouseEnrolled Bill Returned to House or Senate
3/6/2026Draft of Enrolled Bill Prepared
2/25/2026Bill Received from House for Enrolling
2/25/2026House/ signed by Speaker/ sent for enrolling
2/20/2026HouseHouse/ received from Senate
2/20/2026HouseSenate/ to House
2/20/2026SenateSenate/ signed by President/ returned to House
2/20/2026SenateSenate/ passed 3rd reading
2/20/2026SenateSenate/ 3rd reading
2/20/2026SenateSenate/ passed 2nd reading
2/19/2026SenateSenate/ 2nd reading
2/19/2026SenateSenate/ placed on 2nd Reading Calendar
2/18/2026SenateSenate/ committee report favorable
2/18/2026SenateSenate Comm - Favorable Recommendation
2/18/2026Senate/ to standing committee
2/13/2026SenateSenate/ 1st reading (Introduced)
2/12/2026SenateSenate/ received from House
2/10/2026SenateHouse/ to Senate
2/10/2026HouseHouse/ passed 3rd reading
2/10/2026HouseHouse/ substituted
2/10/2026HouseHouse/ 3rd reading
2/10/2026House
Bill Text
Enrolled
3/6/2026
Substitute #1
2/9/2026
Introduced
1/14/2026