Making CITs Available 403(b) Plans

12/01/2020

 

Unlike other defined-contribution plans, federal law precludes 403(b)  plans (the most common defined-contribution plan for public school teachers and staff and prevalent in the private-sector non-profit, education, and health-care industries) from investing in CITs. CITs are generally provided at a lower cost than registered mutual funds.

ICMA-RC supports the passage of legislation that will level the playing field for participants in a 403(b) plan.

More information is available here.

Disclosures:

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This information is intended for institutional use only and is not intended for individual investors or the general public.

Please note that this content was created as of the date indicated and reflects the authors’ opinions. These opinions are subject to change, without notice, due to market conditions or other factors.
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