Bill Allowing CITs in 403(b) Plans Advances in House
Whether non-ERISA 403(b) plans should have access to invest in collective investment trusts was a point of contention during the...
Tag: CITs
Legislation Reintroducing CITs to 403(b) Plans Gains Momentum
Collective investment trusts would provide increased choice and flexibility, says Equitable’s Fred Makonnen.
House and Senate Reintroduce Bills to Permit CITs in 403(b) Plans
The Investment Company Institute released a statement supporting the congressional effort on Thursday.
Great Gray Presses Senators to Allow 403(b) Plans to Use CITs
The CIT trust company and two law firms argue against consumer groups seeking to halt a bill that would let...
Consumer Advocacy Groups Push Back On CIT Use by 403(b)s
Six groups are calling on the Senate to reject a proposal to allow 403(b) plans to invest in collective investment...
Setting the Record Straight on CIT Governance, Regulation
Jeb Bowlus of Great Gray Trust makes the case that CITs are well-regulated and confer retirement investor protections not present...
CIT Growth Continues With Adviser Backing
As more plan sponsors turn to collective investment trusts to reduce costs, industry experts see both opportunities and challenges.
Federated Hermes Announces 1st Equity CIT
The qualified plan investment is focused on U.S. mid-cap growth companies.
GOP Bill Introduced in Senate to Permit CITs in 403(b) Plans
The latest bill is one of several pending measures that aim to allow 403(b) plans to invest using the cheaper...
Passive Products Widen Lead on Active in DC Managed Assets
Passively managed assets in defined contribution retirement plans have increased their market share three years in a row, according to...
CITs ‘Inch Past’ Mutual Funds to Become Lead Target-Date Investment Vehicle
June 2024 data from Morningstar show collective investment trust target-dates make up about 50.5% of TDF assets.
Bill to Allow CITs in 403(b) Plans Introduced in Senate
The introduction of the bill comes after a similar proposal was passed by the House of Representatives on March 8.
Mutual Fund Fees in 401(k)s Have Dropped by More Than Half This Century
ICI data show the steady drop in mutual fund fees, even as the most popular 401(k) investment vehicle faces competition...
Mutual Funds Maintain Lead in DC Adviser-Sold Market
DC adviser-sold plans recorded strong sales overall in Q1 2024, according to ISS Market Intelligence.
Investor Shifts Herald ‘Irreversible Decline’ for Mutual Funds
A Broadridge study shows the continued shift away from mutual funds to ETFs and stocks by individual investors; separate Simfund...
CITs in 403(b)s, Roth Rollovers, Among Priorities for Government Plans
NAGDCA laid out these and other 2024 legislative priorities.
GAO Recommends DOL Update TDF Guidance
GAO reports concerns about a lack of understanding of TDF glidepaths and the growth of CIT TDFs.
Victory to Acquire Amundi’s $104B U.S. Division
The Paris-based asset manager Amundi will cede its U.S. business to Victory in exchange for a 26.1% stake in the...
Product & Service Launches – 3/14/24
Cetera-affiliated advisers get Bitcion ETF policy guidance; Nationwide offering Morningstar AMAs; OneAmerica launches TDF series of CITs; and more.
House Passes Expanding Access to Capital Act
Act includes amendments including CIT-expansion to 403(b)s and updating electronic disclosures.