§ 12-501
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/md/labor-and-employment/12-501·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–501.
(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.