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Why the CITs in 403(b)s Bill is SO Important
By John Sullivan
May 23, 2025
Persistence pays, or so we’re told. The steady industry effort — including the American Retirement Association — to encourage Congress to allow 403(b) participants to invest in collective investment trusts (CIT) notched a win on Tuesday when the House Financial Services Committee approved legislation for the non-profit retirement plan vehicle to do just that.
“The reason this legislation is necessary is to provide the 14.5 million Americans that invest in 403(b) plans access to what is often a lower-cost and strictly-regulated retirement vehicle that’s available to virtually all other employer-sponsored retirement plans,” Jason Levy explained.
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