Retirement Plans
Essay
Overtaking Mutual Funds: The Hidden Rise and Risk of Collective Investment Trusts
The retirement security of American workers is increasingly linked to the collective investment trust (CIT), a century-old bank product whose dramatic growth has been largely overlooked. As CITs replace mutual funds in retirement plans, this Essay explores the trade-offs associated with CITs as investment funds and as institutional investors.
Mar 1, 2025
Essay
The Effects of 401(k) Vesting Schedules—in Numbers
In 2022, over 1.87 million Americans ceased employment before satisfying their employer’s 401(k) plan vesting schedule, causing them to forfeit nonvested employer contributions. This Essay uses data to demonstrate the effects of using vesting schedules and highlights companies who had the most affected workers or amassed significant forfeitures in 2022.
Sep 27, 2024