CITs: A Welcome Addition to 403(b) Plans
Recently, a bipartisan bill introduced by Congressmembers Jimmy Panetta, Ron Estes, Brendan Boyle, Darin LaHood, Madeleine Dean, and Andy Barr in the House would allow 403(b) plans to invest in collective investment trusts. In this paper, we provide evidence of the low cost and attractiveness of CITs for 403(b) plans and provide the regulatory context for our recommended change to the proposed legislation.
