MN HF2942

Commissioner of Employment and Economic Development must disclose employer information (business names, federal employer ID numbers, addresses, contact details) to the Minnesota Secure Choice Retirement Program executive director within 30 days of request

Temporary or seasonal employees hired for 120 days or less are excluded from the "covered employee" definition, though they may voluntarily opt in to contribute

Default employee contribution rates set at 5% of pay in year one, escalating annually to 8% by year four; board must provide employers six months advance notice of any rate changes

Employers may certify they are not covered employers (fewer than 5 employees, already offer retirement plan, in business less than 12 months, or government entity) with 30-day executive director review and appeal rights

Enforcement warning period extended from one year to two years before penalties are assessed against non-compliant employers; contribution remittance deadline set at 30 days after each paycheck