An Act requiring administrators of certain retirement plans to disclose conflicts of interest

This bill requires administrators of certain retirement plans (specifically those offered by state political subdivisions like cities or towns to their employees) to disclose key financial details to plan participants. Starting January 1, 2026, administrators must provide annual disclosures showing the fee ratio and net return for each investment option, plus fees paid to any investment advisors. These disclosures must be given at initial enrollment and at least once yearly. The bill directly affects retirement plan participants by increasing transparency about costs and potential conflicts of interest in their investment choices.