By David Wignall
Published September 22, 2025
A study released by Vanguard shows that employees who invest in 403(b) retirement accounts pay significantly higher fees on average.
PlanSponsor
403(b)s May Be Closer to Getting CITs.
By Elizabeth Harris
Published September 12, 2025
Collective investment trusts have been available to 401(k) plans and other retirement plans, such as 457 plans, for some time. But the Retirement Fairness for Charities and Educational Institutions Act of 2025, H.R. 1013, introduced by Representative Frank Lucas, R-Oklahoma, earlier this year, is meant to create parity between 401(k) and 403(b) plans, permitting nonprofit employees in the latter to invest in CITs, which some expect to offer both greater savings and, potentially, more investment options.​
By Andy Reed
Published July 21, 2025
Bringing collective investment trusts to 403(b) participants could generate another $500 million annually in retirement wealth, a Vanguard research executive writes.
By Janna Herron
Published July 12, 2025
Legislation moving through Congress aims to broaden the low-cost options available in 403(b) plans by allowing collective investment trusts, or CITs, to be included. These are often found in 401(k)s.
By Elizabeth Harris
Published July 2 2025
Industry proponents expect the legislation would lower costs and broaden investment menus for sponsors and participants.
By Lynn Cavanaugh
Published June 30, 2025
The Retirement Fairness for Charities and Educational Institutions Act of 2025 is supported by the National Association of Government Defined Contribution Administrators, which serves 15 million teachers, hospital workers and nonprofit employees.
By John Sullivan
Published May 23, 2025
“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.
By Jason Levy
Published January 2, 2025
Opening access to 403(b)s would give the plans lower-cost investment options, without compromising on regulatory oversight or transparency.
By Alicia Munnell
Published December 7, 2024
Opponents shouldn’t block 403(b)s from purchasing collective investment trusts