What Plan Fiduciaries Should Know About Collective Investment Trusts

Friday, June 26, 2026

CITs have moved from the margins to the center of defined contribution investing, yet the structure remains widely misunderstood. In “Inside the Wrapper,” Ricardo Bekin walks plan fiduciaries through how a CIT is actually constituted, where the trustee sits in the fiduciary chain, and how the vehicle is regulated under a banking model rather than the Investment Company Act. The piece closes with a practical CIT-versus-mutual-fund comparison and a diligence checklist for vehicle selection.

Download PDF