Bloomberg Law’s “Collective Trust Role in 401(k) Rule Unclear” examines questions surrounding the Department of Labor’s proposed safe harbor for alternative investments in 401(k) plans, including how collective investment trusts (“CITs”) may fit within the framework. Groom principal Kevin Walsh was quoted on the proposal and its potential implications for retirement plan investment structures.
“If they’re going to be asset-class neutral, we would hope they’d also be asset-wrapper neutral, particularly where you’ve got a wrapper that’s basically only used by retirement investors,” Walsh told Bloomberg Law.
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