{"data":{"id":"us-md/md.-code-labor-and-employment-12-402","jurisdiction":"us-md","citation":"Md. Code, Labor and Employment § 12–402","heading":"","body":"(a) (1) After the Board opens the Program for enrollment, covered employers shall establish a payroll deposit retirement savings arrangement to allow employee participation in the Program.\n(2) A covered employer shall automatically enroll a covered employee in the Program, unless the employee elects to opt out in accordance with procedures established by the Board.\n(b) If a covered employer is not in compliance with subsection (a) of this section, the covered employer may not receive a waiver of the filing fee under § 1–203(b)(13) of the Corporations and Associations Article.\n(c) Employers shall retain the option at all times to set up any type of employer–offered savings arrangement instead of having a payroll deposit retirement savings arrangement to allow employee participation in the Program.\n(d) Compliance with this title and participation in the Program by itself does not create a fiduciary obligation of an employer with respect to the operation of the Program or funds contributed to the Program.","path":["Article - Labor and Employment"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gle\u0026section=12-402","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:38Z","sha256":"e9ae509ac694d7711a2b5ef5347389b70bbbbb9df8a3974b0db2f78e0634d2f7","source_id":"us-md","stale":false,"prev":"us-md/md.-code-labor-and-employment-12-401","next":"us-md/md.-code-labor-and-employment-12-403"},"notice":"GroundRules: Original legal text. Not legal advice."}