(A) Except as provided by § 32.028, the Plan Administrator must accept every proper investment direction and the Plan Administrator is obligated to comply with such proper investment direction. Without limiting the comprehensive effect of the above, the Plan Administrator is not under any duty to question any investment direction of a participant or beneficiary (or his, her or its agent), or to make any investment recommendations, or to provide to any person any investment advice or investment education, or to provide any investment information.
(B) If the employer or the Plan Administrator or the plan-trustee provides any investment education or investment information or investment advice of any kind, the employer and the Plan Administrator and the plan-trustee shall not be liable for any loss or liability arising out of such investment education or investment information or investment advice.
(Ord. NIRC 97-1, passed 1-15-1997)