Test Your CIT Knowledge CITs are issued by banks or trust companies and regulated by:A - The Office of the Comptroller of the Currency (OCC)B - A state banking examinerC - The Securities and Exchange Commission (SEC)D - Either a or bParticipants of which types of plans are eligible to invest in CITs?A - 401(k)sB - Defined benefit/pension plansC - Certain 457 government plansD - All of the aboveCITs have reporting similar to that of mutual funds:TrueFalseWhich document governs a CIT?A - A prospectusB - A fact sheetC - A Declaration of Trust (DOT)Features of a CIT can include:A - The ability to customize feesB - Availability on recordkeeping platformsC - Access to different asset classesD - All of the abovePaperwork for a plan to invest in a CIT is onerous:TrueFalseStable value strategies are available in all investment vehicles:TrueFalseIn 2015, CITs held how much in retirement plan assets?A - $2.5 trillionB - $1.6 trillionC - $0.5 trillionTime is Up!
