Making CITs Available 403(b) Plans



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.


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

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