Tag: collective investment trusts (CITs)

June 2024 data from Morningstar show collective investment trust target-dates account for 50.5% of assets, surpassing mutual fund target-dates.

The introduction of the bill comes after a similar proposal was passed by the House of Representatives on March 8. 

Fees for mutual funds in defined contribution plans have declined about 60% this century, according to a new ICI report,...

Collective investment trusts are overtaking mutual funds in 401(k) plans, according to new research from Cerulli; however, barriers to adoption...

A lawsuit against the Pennsylvania-based company has alleged the plan’s recordkeeper fees were higher –than average and that the plan...

Plan sponsors may need additional time and processes to consider qualified default investment alternatives, as various TDFs, managed accounts and...

San Francisco-based software company seeks a settlement in lawsuits that alleged the 401(k) plan charged participants excessive fees.

GAO reports that the DOL does not offer adequate guidance on how to interpret differences across TDFs.

The amended complaint against the Hess Corp. alleges Hess plan fiduciaries provided target-date mutual funds instead of collective investment trusts...

Despite net inflows to mutual funds in February, reversing the long-term trend of outflows is unlikely, according to analysts.

Target-date-fund collective investment trusts continue to accumulate assets, finds Morningstar in its target-date strategy landscape report.  

TIAA Distributes Annuity to Empower DC plans; HSA Bank launches emergency savings accounts; Navia partnership launches custom 401(k) plans; and...

Empower is working with asset managers and insurance companies to launch a new lineup of products to convert savings into...

Nationwide, Morningstar team up on adviser-managed accounts; OneAmerica launches active TDF series of CITs; Cullen brings first income-generating ETF to...

The Senate now needs to consider the bill that would also expand access to capital for certain businesses.

The legislation is a first step to allowing the lower-cost investments' use in nonprofits and school retirement plans.

The plan sponsor and its advisers proved they had conducted the appropriate due diligence in selecting funds and managing the...

A lawsuit against the Hess Corp. alleges Hess plan fiduciaries included target-date mutual funds instead of collective investment trusts in...

Fees continued to fall, performance rallied and assets grew, according to Sway Research.

Voya officially launches dual QDIA; MassMutual introduces first sub-advised municipal bond strategy and selects sub-adviser; SEI signs on as trustee...