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 examiner

C - The Securities and Exchange Commission (SEC)

D - Either a or b

Participants of which types of plans are eligible to invest in CITs?

A - 401(k)s

B - Defined benefit/pension plans

C - Certain 457 government plans

D - All of the above

CITs have reporting similar to that of mutual funds:

True

False

Which document governs a CIT?

A - A prospectus

B - A fact sheet

C - A Declaration of Trust (DOT)

Features of a CIT can include:

A - The ability to customize fees

B - Availability on recordkeeping platforms

C - Access to different asset classes

D - All of the above

Paperwork for a plan to invest in a CIT is onerous:

True

False

Stable value strategies are available in all investment vehicles:

True

False

In 2015, CITs held how much in retirement plan assets?

A - $2.5 trillion

B - $1.6 trillion

C - $0.5 trillion