DOL Grants Exemptions to PNC, Citigroup, Barclays, and CUNA Mutual Pension Plans for Prohibited Transactions

Summary

The Department of Labor has issued exemptions to PNC Financial Services Group, Inc., Citigroup Inc., Barclays California Corporation, and two CUNA Mutual Pension Plans for certain prohibited transactions under the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986, following a public notice and comment period.