New York Laws
Article 43 - New York State Secure Choice Savings Program
1313 - Duty and Liability of Participating Employers.

§ 1313. Duty and liability of participating employers. 1.
Participating employers shall not have any liability for an employee's
decision regarding whether to participate in, or opt out of, the program
or for the investment decisions of the board or of any enrollee.

2. A participating employer is not establishing or maintaining the
program's payroll deduction IRA. A participating employer shall not be a
fiduciary, or considered to be a fiduciary, over the program. A
participating employer shall not bear responsibility for the
administration, investment, or investment performance of the program. A
participating employer shall not be liable with regard to investment
returns, program design, and benefits paid to program participants.

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