If you still aren't familiar with collective investment trusts, you should be — particularly since they're sufficiently misunderstood to give rise to a number of myths about their structure and use.
The province of qualified retirement plans, CITs are also known as commingled trusts or collective trust funds. Actually, they're pooled investment funds that are administered by banks and trust companies.
According to the Coalition of Collective Investment Trusts, CITs are "becoming as easy to use as mutual funds and may be a valuable tool in developing a retirement plan lineup," but for them to have value to you, you'll have to be able to separate the myths from the facts.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.