Tex. Government Code § 609.011
NOTIFICATION BY PLAN ADMINISTRATOR
Texas · Texas Government Code · Status: effective
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- Citation
- Tex. Government Code § 609.011, NOTIFICATION BY PLAN ADMINISTRATOR, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/657660
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Full text
(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.