AB43,,67156715b. A target date index fund or age-based fund that automatically rebalances asset allocations based on the eligible employee’s age. AB43,,67166716c. A low-cost fund focused on income generation. AB43,,67176717d. A low-cost fund focused on asset growth. AB43,,67186718e. A low-cost fund focused on balancing risk and return. AB43,,671967192. The program under this section shall require the investment administrator to offer to each enrolled eligible employee, before the employee makes his or her investment selections, a tool allowing the employee to identify the employee’s risk tolerance and projected retirement date as an aid to the employee in selecting suitable investments under the program. AB43,,672067203. The program under this section shall require that the first $1,000 of an enrolled eligible employee’s contributions be deposited in a fund described in subd. 1. a. and thereafter, unless the employee selects a different investment option, the employee’s contributions be deposited in a fund described in subd. 1. b. AB43,,67216721(c) 1. Except as provided in subds. 3. and 4., during an eligible employee’s first year of enrollment in the program, the participating employer’s payroll deduction each pay period shall be at a rate of 5 percent of the employee’s gross wages, and this deducted amount shall be remitted to the investment administrator as the employee’s account contribution. AB43,,672267222. Except as provided in subds. 3. and 4., a participating employer shall increase the payroll deduction rate under subd. 1. by 1 percent per year until a maximum payroll deduction rate of 10 percent is reached. AB43,,672367233. An enrolled eligible employee may elect a different payroll deduction rate than that provided for in subds. 1. and 2., except the rate may not be less than 1 percent nor more than 10 percent. AB43,,672467244. A participating employer shall make a good faith effort to establish an employee’s payroll deduction at a rate that will not result in the employee’s total annual contributions exceeding the contribution limits established under sub. (3) (g), but the participating employer is not responsible if excess contributions occur. AB43,,67256725(6) Record-keeping requirements. (a) Subject to par. (b), the board shall establish the record-keeping requirements for the investment administrator, including the nature and extent of the record-keeping services and performance metrics for measuring compliance with these requirements. AB43,,67266726(b) The program shall require the maintenance of separate records and accounting for each account. AB43,,67276727(7) Abandoned accounts. (a) An account is considered abandoned if any of the following applies: AB43,,672867281. There has been no account activity for at least 6 months and the account balance is less than $250. AB43,,672967292. There has been no account activity for at least 2 years. AB43,,67306730(b) If an account is considered abandoned under par. (a), the investment administrator shall close the account and disburse the account balance to the individual who established the account. AB43,,67316731(8) Powers of board; departmental assistance; rules. (a) The board may do any of the following: AB43,,673267321. In establishing the program under this section, create or impose any requirement or condition not inconsistent with this section that the board considers necessary for the effective functioning and widespread utilization of the program. AB43,,673367332. Enter into contracts or other arrangements for any services necessary for establishing and overseeing the program under this section or for otherwise carrying out the purposes of this section, including the services of financial institutions, attorneys, investment advisers, accountants, consultants, and other professionals. AB43,,673467343. Exercise any other powers necessary to establish and oversee the program under this section or otherwise carry out the purposes of this section. AB43,,673567354. Promulgate rules to carry out the purposes of this section. AB43,,67366736(b) The department shall provide the board with any assistance necessary to carry out the purposes of this section, including staff, equipment, and office space. The board may delegate to the department responsibility for carrying out any day-to-day board function related to the program under this section. AB43,24496737Section 2449. 224.77 (1) (o) of the statutes is amended to read: AB43,,67386738224.77 (1) (o) In the course of practice as a mortgage banker, mortgage loan originator, or mortgage broker, except in relation to housing designed to meet the needs of elderly individuals, treat a person unequally solely because of sex, race, color, handicap, sexual orientation, as defined in s. 111.32 (13m), religion, national origin, age, or ancestry, the person’s lawful source of income, or the sex, marital status, status as a holder or nonholder of a license under s. 343.03 (3r), or status as a victim of domestic abuse, sexual assault, or stalking, as defined in s. 106.50 (1m) (u), of the person maintaining a household. AB43,24506739Section 2450. 227.01 (13) (Lw) of the statutes is created to read: AB43,,67406740227.01 (13) (Lw) Adjusts the minimum wage under s. 104.035 (8m). AB43,24516741Section 2451. 227.01 (13) (t) of the statutes is created to read: AB43,,67426742227.01 (13) (t) Ascertains and determines prevailing wage rates under ss. 66.0903, 103.49, 103.50, and 229.8275, except that any action or inaction which ascertains and determines prevailing wage rates under ss. 66.0903, 103.49, 103.50, and 229.8275 is subject to judicial review under s. 227.40. AB43,24526743Section 2452. 227.01 (13) (zxm) of the statutes is created to read: