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Maryland Code, Labor and Employment § 12-501

Current as of January 01, 2025 | Updated by Findlaw Staff

In general

(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.

Employer is not a fiduciary

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

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Cite this article: FindLaw.com - Maryland Code, Labor and Employment § 12-501 - last updated January 01, 2025 | https://codes.findlaw.com/md/labor-and-employment/md-code-labor-and-emply-sect-12-501/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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