N.J. Admin. Code § 5:37-5.8
Current through Register Vol. 57, No. 1, January 6, 2025
The employer or contractor shall not be held personally liable for any returns on investment of plan funds which are less than any participant or group of participants expected. The employer shall require a hold harmless provision in service agreements with contractors which includes an indemnification of the employer from any cause of action, together with the reasonable costs of litigation from acts or omissions by the contractor.
N.J. Admin. Code § 5:37-5.8
See: 30 New Jersey Register 3989(a), 31 New Jersey Register 673(b).
Substituted a reference to contractors for a reference to administrators in the first sentence.