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Section 12-501 - Employer Liability — Maryland Law | CourtGPT
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  5. Title 12 - Maryland Small Business Retirement Savings Program and Trust/
  6. Subtitle 5 - Limitation of Liability/
  7. Section 12-501 - Employer Liability
Maryland Legal Code

Section 12-501 - Employer Liability

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(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.