HRS §389-7

Program manager duties

Read the official text at capitol.hawaii.gov ↗

This section says the retirement savings program must be run by a financial company chosen by the board. That company must keep fees low and give each participant a yearly report on their account.

everyone

The statute, as written — Hawaii retirement savings program; program manager

A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.

(a) The program shall be managed by a program manager that shall be a financial institution with professional knowledge and experience in managing payroll deduction IRAs, contracted by the board in compliance with chapter 103D. (b) The program manager shall keep total fees and expenses as low as practicable. (c) The program manager shall prepare and make available to all participants a report on the status of each participant's account at least once every calendar year.

Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.