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Can 403(b) Plans Now Invest in Collective Investment Trusts?
Cammack Retirement Group Link to more items from this source
Sept. 7, 2017
"So why did [the University of California system] decide that it was okay to add CITs to its 403(b) plan? According to [a recent article], the university obtained a private letter ruling from the IRS which is alleged to provide a specific exemption to Cal ... The problem is, no such private letter ruling [can be located by this author], and Cal would not provide a copy of the ruling to the article's author. However, one clue as to what the private letter ruling might contain is the statement in the article that the ruling was 'not recent.' "

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