Cerulli's survey of target-date managers shows that 70 percent nowoffer a CIT version of target-date mutual funds, with 26 percent ofmanagers not requiring a minimum asset investment. (Photo:Getty)
Plan sponsors are moving 401(k) assets from traditional mutual funds tocollective investment trusts at a record clip, according toanalysis by Cerulli Associates.
Assets in CITs now account for a quarter of the $5.5 trillion401(k) market. Historically, CITs have represented about 20 percentof the 401(k) market.
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