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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.
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“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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