New Jersey Administrative Code
Title 17 - TREASURY - GENERAL
Chapter 6 - DEFINED CONTRIBUTION RETIREMENT PROGRAM
Subchapter 6 - INVESTMENTS AND INVESTMENT DIRECTION
Section 17:6-6.6 - Plan Administrator not responsible
Current through Register Vol. 56, No. 6, March 18, 2024
(a) If any person, including a DSP, provides any investment education or investment information or investment advice of any kind, the Plan Administrator shall not be liable for any loss or liability arising out of such investment education or investment information or investment advice.
(b) To the extent of the participant's, beneficiary's, or alternate payee's investment direction, the Plan Administrator is relieved of any fiduciary responsibility and every kind of liability, and is not responsible for any damage or loss or expense or other claim which may arise from any participant's, beneficiary's, or alternate payee's investment direction or failure to exercise his or her duty of investment direction.