KB47294: "The definition of object with type 'Template' is not readable" error message appears when running a document in MicroStrategy Developer and Web 9.4.1

The definition of object with type 'Template' (ID: XXX) is not readable.

 
Additionally, a similar error message will appear in Strategy Web such as the one seen below.
 

The object given is embedded inside another object, so it is not visible to this object.  The object definition of object with type 'Template' (ID: XXX) is not readable.

NOTE: This error did not appear on the same documents prior to upgrading to 9.4.1.
 
CAUSE:
This is a known issue in Strategy Developer and Web 9.4.1
 
ACTION:
This issue has been addressed in Strategy 9.4.1 Hotfix 4.  Upgrade to this version to take advantage of the fix.
 
NOTE:  The Hotfix will need to be installed on the Strategy Intelligence Server as well as any client Strategy Developer machine running the document.