Citi Benefits Handbook
404(c)
The Plan is intended to constitute a participant-directed individual account plan within the meaning of Section 404(c) of ERISA. As such, the fiduciaries of the Plan are not liable for any losses incurred that are the result of your investment instructions. You are responsible for your investment decisions (including your decision not to make investment elections), so you should consider and take advantage of the tools and information available. Plan participants are "named fiduciaries" under ERISA to the extent that they exercise voting rights on Citigroup common stock.