Featured Jobs
|
Fringe Benefit Group
|
|
Leading Retirement Solutions
|
|
Defined Contribution Account Manager Nova 401(k) Associates
|
|
Senior Retirement Plan Advisor HORAN Wealth
|
|
Retirement Plan Quality Assurance Specialist ERISA Services Inc.
|
|
July Business Services
|
Free Publications
|
|
DOL Finds Citigroup's Racial Equity Program Unlawful, Rescinds Previous Opinion
PLANSPONSOR; registration may be required 
[Guidance Overview] July 23, 2025 "The [DOL] has issued an advisory opinion rescinding its 2023 approval of Citigroup Inc.'s Diverse Asset Manager Program, through which the bank commits to pay all or part of the fees of diverse asset managers for [ERISA] benefits plans it sponsors.... EBSA also stated that Citi's claim that its racial equity program may benefit the company because certain stakeholders might look favorably upon it is not a justification for violating the law." MORE >> |
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |