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Should collective investment trusts be allowed in 403(b)s? The saga continues

By Lynn Cavanaugh

There’s a push by Congress to pass a bill to allow CITs – tax-exempt, pooled investment vehicles similar to mutual funds – in 403(b) plans, but investor advocacy groups oppose the bill. But now, the American Retirement Association is strongly advocating for its passage.

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News

Rhode Island, partnering with Connecticut, to launch auto-IRA program in 2025

Research

'Employers aren’t responsible for my retirement,' say most (75%) employees

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Retirement Stories

November 20, 2024

States with auto-IRAs: Employees are 20% more likely to contribute to retirement savings

Auto-IRAs increase coverage of retirement plans because most states require that employers to either enroll their employees in the state plan or offer their own plan such as a 401(k), according to Gusto research.

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November 20, 2024

Retirement income reimagined: How ‘systematic withdrawals’ can reshape 401(k)s

Target date funds with built-in retirement income payment features, as well as required minimum distributions, offer a way for retirees to receive income directly from their 401(k)s, according to a new IRIC paper.

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November 19, 2024

SECURE 2.0 awareness: Which provisions are workers most interested in?

Over half of workers, especially older generations, would like to learn more about the federal government’s plan to make matching contributions to their retirement accounts, according to a Charles Schwab study.

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November 19, 2024

Coming soon: DOL’s new 401(k) ‘Lost and Found’ database to help find missing plan participants

The Department of Labor’s Retirement Savings Lost and Found database, which is expected to go live next month, still needs help from plan administrators on participants who left the company.

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November 18, 2024

401(k) matching, loans, auto-enrollment: Options to incentivize workers to save more

While 401(k) plans have blossomed in popularity, the retirement savings crisis rages on. Here’s the path forward, from the employer and employee perspective, says Paychex’s Zach Keep.

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November 18, 2024

Senate Banking Committee urged to reject new bill allowing collective investment trusts in 403(b)s

Six investor advocacy groups are opposing CITs in 403(b)s because some plans are not governed by ERISA, so eliminating SEC’s regulatory oversight is detrimental, in a letter to the Senate committee.

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November 15, 2024

Health care workers aren’t saving enough for retirement: Personalized planning is key

Encouraging the use of wellness tools that put the power to manage goals and find resources in the hands of employees can help them manage stress and budgeting.

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Retirement

Top Retirement Stories

Should collective investment trusts be allowed in 403(b)s? The saga continues

Rhode Island, partnering with Connecticut, to launch auto-IRA program in 2025

'Employers aren’t responsible for my retirement,' say most (75%) employees

Recommended Just For You

Retirement Stories

States with auto-IRAs: Employees are 20% more likely to contribute to retirement savings

Retirement income reimagined: How ‘systematic withdrawals’ can reshape 401(k)s

SECURE 2.0 awareness: Which provisions are workers most interested in?

Coming soon: DOL’s new 401(k) ‘Lost and Found’ database to help find missing plan participants

401(k) matching, loans, auto-enrollment: Options to incentivize workers to save more

Senate Banking Committee urged to reject new bill allowing collective investment trusts in 403(b)s

Health care workers aren’t saving enough for retirement: Personalized planning is key