2007 House Bill 4135

Establish state 401k program for small business

Introduced in the House

Jan. 25, 2007

Introduced by Rep. Steve Bieda (D-25)

To create a state program to contract with investment managers to provide and administer 401k retirement plans for small employers who are unable to find a suitable vendor to provide a similar service for their employees. Gov. Jennifer Granholm proposed the measure in her 2006 State of the State address.

Referred to the Committee on New Economy and Quality of Life