DOL Greenlights Citibank's Diverse Asset Manager Program

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DOL Greenlights Citibank's Diverse Asset Manager Program
Thompson Hine

[Guidance Overview]
Oct. 6, 2023

"[DOL Advisory Opinion 2023-01A approves] Citibank's Diverse Asset Manager Program as it relates to plans subject to [ERISA]. The Opinion provides a road map primarily for pension and 401(k) plan sponsors who wish to increase the portion of plan assets that are invested with diverse investment managers without running afoul of ERISA's rules."

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