Who Regulates Your 401(k) CIT? BlackRock, Goldman, Prudential and Lincoln Lead Back to Las Vegas
Your 401(k) statement may say: BlackRock. Prudential. Lincoln. Or simply: Target Date 2055. What it probably doesn’t say is: Las Vegas, Nevada. Welcome to the increasingly strange world of Collective Investment Trusts—or CITs. CITs aren’t SEC-registered mutual funds. And behind some of the biggest names in American retirement investing sits a company most participants have … Continue reading Who Regulates Your 401(k) CIT? BlackRock, Goldman, Prudential and Lincoln Lead Back to Las Vegas
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