Support collective investment trust (CIT) structures with daily valuation, plan-level recordkeeping, and trustee-aligned operations built for the retirement market.
Collective Investment Trusts
Collective investment trust fund administration
Operate funds within CIT structures
CITs are bank- or trust-company-sponsored pooled vehicles offered to qualified retirement plans, regulated by federal or state banking regulators and the Department of Labor rather than the SEC. To leverage CIT structures, you need disciplined daily valuation, unit accounting, plan-level participant tracking, and tight coordination with your sponsoring trustee, recordkeepers, custodians, plan consultants, and intermediary partners.
Today's retirement market expects CITs to operate with the same discipline as registered funds. Ultimus supports CIT funds with daily valuation, unit accounting, financial reporting, and plan-level processing.
Draw on extensive experience administering the retirement market
Coordinate with sponsoring trustees and plan intermediaries
Operating within a CIT requires alignment with the bank or trust company serving as trustee. Our operating model supports tight coordination across trustee oversight, recordkeeper data flows, plan consultant engagement, and plan sponsor reporting.
Maintain alignment with ERISA and the Office of the Comptroller of the Currency (OCC) governance
CITs operate under bank trustee fiduciary frameworks and Employee Retirement Income Security Act of 1974 (ERISA) plan oversight. Our governance and compliance processes support transparency, fiduciary documentation, and ongoing regulatory alignment.
Support plan-level servicing
Recordkeeping at the plan level is essential to CIT operations. Coordinated workflows support unit ownership tracking, contributions, distributions, and exchanges across plans and recordkeepers.
Operate with consistent unit accounting and reporting
Daily unit values, NAV calculations, and financial reporting must remain accurate across pooled CIT structures. Integrated processes support reliable data and operational continuity for trustees and plan sponsors.
Services and solutions
Transfer agency
Provide plan-level recordkeeping for plan sponsors, with trustee coordination and plan-level tracking across qualified retirement plans investing in your CIT.
Fund accounting
Calculate daily unit values, post trades, accrue expenses, and reconcile positions and cash across CIT portfolios with controls supporting accuracy, transparency, and trustee oversight.
Financial administration
Prepare CIT financial statements, expense budgeting, and trustee materials with disciplined processes supporting audit readiness, fiduciary oversight, and trustee reporting requirements.
Compliance
Deliver investment compliance monitoring, policy administration, and trustee-ready reporting that supports fiduciary obligations and ongoing regulatory alignment for your CIT.
Benefits of working with Ultimus
Operate within retirement market structures with confidence
Align CIT operations with trustee, recordkeeper, and plan sponsor requirements while maintaining control, oversight, and operational consistency.
Maintain fiduciary and regulatory alignment
Support compliance, and reporting requirements designed for bank trustee and ERISA-regulated environments.
Deliver consistent plan experiences
Provide reliable unit accounting, recordkeeping, and reporting across plans, recordkeepers, plan consultants, and intermediary partners.
Scale operations as assets and plan adoption grow
Expand CIT lineups, plan participation, and intermediary relationships without rebuilding your operating model.
Frequently asked questions
What is a collective investment trust (CIT)?
A CIT is a pooled investment vehicle sponsored by a bank or trust company and offered exclusively to qualified retirement plans, regulated by federal or state banking regulators and the Department of Labor rather than the SEC.
How does a CIT differ from a mutual fund?
CITs are exempt from registration under the Securities Act of 1933 and the Investment Company Act of 1940 ('40 Act) and are offered only to qualified retirement plans. The structure typically supports lower operating costs, simplified disclosure, and trustee-driven governance compared to mutual funds.
What services are included?
Services typically include daily unit accounting, transfer agency with plan-level recordkeeping, financial administration, compliance, and trustee support aligned to the Office of the Comptroller of the Currency (OCC) and Employee Retirement Income Security Act of 1974 (ERISA) requirements.
How does Ultimus coordinate with the sponsoring trustee and recordkeepers?
Operations are structured around the sponsoring bank or trust company, with data flows, reporting, and oversight workflows designed to integrate cleanly with recordkeepers, custodians, plan consultants, and plan sponsor systems.