CIT offers a 401(k) solution with zero asset charge and one-half of a percent fund fees on their family of mutual funds, even on start-up plans where there are no assets. Fidelity and Vanguard come close but are not for start-ups and small employers. Vanguard, the industry’s lowest, requires a minimum balance of $2 million.

This plan is perfect for employers with eight to 200 employees, whether it’s a start-up plan or a conversion from an existing program. It offers a simplified range of no-load index funds that won’t baffle your employees. CIT doesn’t have a zillion investment options, but 95 percent of employees misuse this flexibility —witness the last downturn. Simplified index funds in profile groups represents the new enlightened investment philosophy.

In addition to the low fee structures and timely opportunity, PINC also has a dedicated CIT representative, Elizabeth Baum, who brought several happy members to this new program. Please contact Elizabeth at CIT by calling (415) 398-2727, or Jim Riley at PINC, (800) 659-3363 or (415) 495-8242.

This is the ideal time to act ...

The IRS has mandated that all retirement plans in the United States be restated in the 2002-plan year.

• This incorporates changes made by GUST and EGTTRA, tax laws that make sweeping changes to retirement plan law, and offer substantial opportunities to business owners for tax deferred savings.

• Rather than just restating current plans, members are encouraged to take a look at their complete retirement plan package, including:
  • Investment options
  • Service providers
  • Plan design options

• California Investment Trust can take over your plan, review your plan document, and restate your plan — all for the cost of your mandatory plan restatement.

Program availability: Open to PINC company-level members.