§ 12-501. Employer liability.

MD Lab & Emp Code § 12-501 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a)    An employer may not be held liable for:

(1)    an employee’s decision to participate in or opt out of the Program;

(2)    the investment decisions of employees whose assets are deposited in the Program;

(3)    the administration, investment, or investment performance of the Trust or the Program; or

(4)    the Program design or the benefits paid to Program participants.

(b)    An employer is not a fiduciary, and may not be considered to be a fiduciary, of the Trust or the Program.