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<section article="gle" article_name="Labor and Employment" number="12-501" title_number="12" title_name="Maryland Small Business Retirement Savings Program and Trust" subtitle_number="5" subtitle_name="Limitation of Liability">
  <level label="a">
    <text>An employer may not be held liable for:</text>
    <level label="1">
      <text>an employee’s decision to participate in or opt out of the Program;</text>
    </level>
    <level label="2">
      <text>the investment decisions of employees whose assets are deposited in the Program;</text>
    </level>
    <level label="3">
      <text>the administration, investment, or investment performance of the Trust or the Program; or</text>
    </level>
    <level label="4">
      <text>the Program design or the benefits paid to Program participants.</text>
    </level>
  </level>
  <level label="b">
    <text>An employer is not a fiduciary, and may not be considered to be a fiduciary, of the Trust or the Program.</text>
  </level>
</section>
