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.
Be one of the first to receive new investment research and actionable resources
This website is for institutional use only and is not intended for individual investors or the general public.
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.
This is not intended as a solicitation nor does it constitute investment, tax, or legal advice. Reference to any fund or asset class is not a recommendation to buy, sell, or hold that fund or asset class. Neither MissionSquare Retirement nor its subsidiaries are responsible for any investment action taken as a result of the information provided herein or the interpretation of such information. Investors should carefully consider their own investment goals, risk tolerance, and liquidity needs before making an investment decision.
When Funds are marketed to institutional clients by our Investment Only (IO) team, the Funds are offered by MissionSquare Retirement Services,, an SEC registered broker-dealer and FINRA member firm. MissionSquare Retirement Services is a wholly-owned subsidiary of MissionSquare Retirement and is an affiliate of VantageTrust Company, LLC and MissionSquare Investments. Learn more at www.vantagepointfunds.org.