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 bParticipants 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 aboveCITs have reporting similar to that of mutual funds: True FalseWhich 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 abovePaperwork for a plan to invest in a CIT is onerous: True FalseStable value strategies are available in all investment vehicles: True FalseIn 2015, CITs held how much in retirement plan assets? A - $2.5 trillion B - $1.6 trillion C - $0.5 trillion
