HI HB379

Amends the definition of "covered employer" in Hawaii Revised Statutes Section 389-2 under the Hawaii Retirement Savings Act.

Changes the retirement plan exemption from requiring employers to have "been maintaining for all employees" to "offered or maintained for some or all employees at any time" during the preceding two years.

Expands the exemption to include employers offering retirement plans that are tax-qualified under Internal Revenue Code sections 401(a), 401(k), 403(a), 403(b), 408(k), or 408(p).

Takes effect upon approval.