§ 12–501
Statutes in effect as of October 1, 2026.
Md. Code Ann., Lab. & Empl. § 12-501 (2026)
Title 12. Maryland Small Business Retirement Savings Program and Trust
Subtitle 5. Limitation of Liability
§ 12–501LinkCopy 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.