Collective Investment Trusts and 401(k) Plan Investments: Guidance for Fiduciaries and Employee Benefits Counsel

Bar Association of Metropolitan St. Louis [BAMSL]

This CLE webinar will provide guidance to fiduciaries and employer benefits counsel on key issues and legal considerations for the use of collective investment trusts (CITs) in 401(k) plans and other qualified retirement plan investments. The panel will discuss applicable federal regulations and requirements, reviewing CIT terms, investment manager appointments, vetting fiduciary risks, monitoring procedures, reporting requirements, and other key issues to consider.

Description

CITs are a popular investment vehicle for 401(k)s and other retirement plans. The legal and regulatory framework for CITs provides significant opportunities as well as challenges. ERISA counsel and fiduciaries must identify key issues regarding utilizing CITs in plan asset investments, disclosure and reporting requirements, key provisions of CIT documents, and other critical considerations.

CITs are cost-efficient investment options for retirement plans that are tax-exempt, pooled investment vehicles available only to defined contribution and other ERISA-qualified plans. However, ERISA counsel and fiduciaries must have complete knowledge of the legal nuances, limitations, recent litigation, and pitfalls to avoid when considering CITs for retirement plan investments.

Listen as our panel of ERISA and financial services attorneys provides an update on current regulations and developments relating to CITs. The panel will also discuss the impact of recent litigation on CITs and outline compliance and risk mitigation strategies.

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