Advocacy Groups Urge Senate Banking Committee to Reject CITs in 403(b)s
Six investor advocacy groups wrote that allowing 403(b) plans to invest in collective investment trusts would put the ‘most vulnerable’...
Tag: CITs
Senate Banking Committee Members Introduce Bill to Allow CITs in 403(b) Plans
The bill is part of a push by retirement industry leaders to allow 403(b) plans to invest using the cheaper...
CIT Target-Date Assets Surpass Mutual Funds for 1st Time
June 2024 data from Morningstar show collective investment trust target-dates account for 50.5% of assets, surpassing mutual fund target-dates.
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 Show Multi-Decade Decline
Fees for mutual funds in defined contribution plans have declined about 60% this century, according to a new ICI report,...
CITs Continue to Dominate in DC Plans, But Limitations Remain
Collective investment trusts are overtaking mutual funds in 401(k) plans, according to new research from Cerulli; however, barriers to adoption...
CIT Assets Expected to Surpass Mutual Fund Assets in TDFs in 2024, per Morningstar
Target-date-fund collective investment trusts continue to accumulate assets, finds Morningstar in its target-date strategy landscape report.
Products |
Product & Service Launches
Nationwide, Morningstar team up on adviser-managed accounts; OneAmerica launches active TDF series of CITs; Cullen brings first income-generating ETF to...
House Passes Bill Permitting Use of CITs by 403(b) Plans
The Senate now needs to consider the bill that would also expand access to capital for certain businesses.
Measure Allowing CIT Use in 403(b) Plans Advances in the House
The legislation is a first step to allowing the lower-cost investments' use in nonprofits and school retirement plans.
California Federal Judge Upholds Plan Sponsor in TDF-Selection Case
The plan sponsor and its advisers proved they had conducted the appropriate due diligence in selecting funds and managing the...
Target-Date Assets Reach Record High $3.5 Trillion in 2023
Fees continued to fall, performance rallied and assets grew, according to Sway Research.
Products |
Spouting Rock Launches Rebranded, Independent Retirement Entity
Spouting Rock Financial Partners debuted a new retirement-focused division.
IRI Presses White House to Back Further Retirement Policy on Annuities
An insurance advocacy group follows up 2023 legislative plans with a push for policies that increase the use of retirement...
Accelerated Retirement Plan Closings Put Pressure on Small Employers
A Morningstar report reveals the pandemic caused defined contribution plan closings to spike and new plan creation to slow down.
Are CITs Now Permitted in 403(b) Plans?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Is There Any Update on Using CITs in 403(b) Plans?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
PSNC 2022: The Evolving DC Plan Investment Menu
Customization and, more recently, inflation hedging are considerations for defined contribution plan investment lineups.
Retirement Plan Governance Considerations for Collective Investment Trusts
The differences between CITs and mutual funds create different fiduciary implications for plans using them, speakers at a recent webinar...
Fiduciary Diligence Demanded as CITs Shine
A significant regulatory concern is that banks should not simply “rent their charters” to third-party registered investment advisers seeking to...