Upcoming Changes Affecting Employee 403b Plans
Unlike 401k plans, 403b plans with custodial accounts have not been able to maintain CITs or unregistered insurance company separate accounts, both of which can be more cost-efficient investment options than comparable mutual funds.
Retirement Fairness For Charities Strong Retirement Act Investment Trusts Separate Accounts Internal Revenue Code Retirement Fairness
Source: natlawreview.com