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CITs: Cost-Saving Powerhouses for Plans | Durham News
Plan sponsors are eyeing collective investment trusts for big cost savings—potentially saving tens or hundreds of thousands—thanks to lower expense ratios. But moving to a CIT isn’t just about cutting fees; it demands serious due diligence to meet ERISA’s prudence standard. Experts look for at least three years of performance and $100M+ in assets to ensure stability. While CITs offer efficiency and flexibility, they lack mutual fund transparency, requiring more effort from plan sponsors. The payoff? Smarter, cheaper retirement asset management—worth the homework. Support the show:Get a…
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