Texas Government Code 609.011 – Notification by Plan Administrator
Current as of: 2024 | Check for updates
|
Other versions
(a) The plan administrator of a plan established under this chapter may notify an employee participating in the plan that the administrator believes that:
(1) a qualified vendor is having significant financial difficulties; or
(2) the amount of the employee’s deferred amounts and investment income invested with a qualified vendor exceeds an insured or guaranteed level.
(b) A plan administrator is not liable to a participating employee for a loss resulting from the failure to notify the employee under this section.
