House Passes INVEST Act, Brings CITs One Step Closer to 403(b) Plans
The Senate will next vote on the INVEST Act, which includes new safeguards for senior investors and a broadening of...
Tag: CITs
TIAA, Vanguard to Offer Target-Date Lifetime Income CIT Series
The product embeds the TIAA Secure Income Account, a fixed annuity, in a target-date fund.
CITs Are ‘Ideal’ for Access to Private Markets, per Cerulli
Most asset managers that Cerulli Associates surveyed said they planned to offer direct contribution plans a range of sub-asset classes...
Great Gray Acquires flexPATH’s CIT Sub-Advisory Business Assets
The move brings in-house some investment management services previously outsourced to flexPATH.
Human Interest Advisors Offers CITs to Small, Midsize Businesses
The company estimates the collective investment trusts could help 401(k) plan participants save more than $1.6 million in combined fees...
CITs Outpace Mutual Funds in 2024
Collective investment trusts continue to win assets at a breakneck pace.
Rapid Growth in CITs Fueled by Small Plan Adoption
Collective investment trusts now hold nearly 30% of DC plan assets, rising from just 13% a decade ago; experts predict...
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...
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...