Section 609.011 - Notification By Plan Administrator(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.Tex. Gov't. Code § 609.011
Amended by Acts 2003, 78th Leg., ch. 1111, Sec. 2, eff. 9/1/2003.Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. 9/1/1993.