Minnesota § 356.646 - PLAN PARTICIPANT INVESTMENT RESPONSIBILITY
Full text of Minnesota Minnesota Statutes § 356.646 — PLAN PARTICIPANT INVESTMENT RESPONSIBILITY, with citation guidance and answers to common questions.
§ 356.646. PLAN PARTICIPANT INVESTMENT RESPONSIBILITY
Subdivision 1.Member investment responsibility.
The state, State Board of Investment and its executive director and staff, plan administrators and their staff, and participating public employers are not liable and are not responsible for any investment losses due to choices made by participants or due to qualified default investment alternatives.
Subd. 2.Application.
This section applies to the:
(1) Minnesota state deferred compensation plan, established under section 352.965;
(2) health care savings plan, established under section 352.98;
(3) unclassified employees retirement program, established under chapter 352D;
(4) public employees defined contribution plan, established under chapter 353D;
(5) individual retirement account plan, established under chapter 354B;
(6) higher education supplemental retirement plan, established under chapter 354C; and
(7) Arts Board and Humanities Commission individual retirement account plan, established under chapter 354D.
History:
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 356.646
What does Minnesota Statutes § 356.646 cover?
Section 356.646 ("PLAN PARTICIPANT INVESTMENT RESPONSIBILITY") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 356.646?
A common citation format is "Minnesota Statutes § 356.646" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 356.646 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.