We recently welcomed a new addition to the Great Gray Trust team—Jason Levy, an experienced and respected ERISA attorney, who recently shared his insights in a LinkedIn article on ERISA’s 50th Anniversary and Great Gray’s part in providing Americans with a secure retirement. As we welcome Jason to the fold, his depth of expertise in ERISA law, sharpened over years at a respected Washington D.C. law firm, not only strengthens our team but also elevates our mission of providing trusted leadership in the CIT (Collective Investment Trust) space.
In Jason’s LinkedIn article, he reflected on the 50th anniversary of ERISA, marking a milestone in the ongoing evolution of employee retirement security. He outlined key challenges the industry continues to face and provided thoughtful perspectives on the role CITs can play in shaping the future of retirement.
Jason’s article highlights important themes that align perfectly with Great Gray’s values and vision:
Building on a Legacy of Trust: At the heart of ERISA's protections is trust—a cornerstone principle both in Jason’s article and at Great Gray. The emphasis on fiduciary responsibility, prudent management, and unwavering loyalty to plan participants is woven into ERISA’s DNA, just as it is with our CIT offerings.
Expanding Access and Innovation in Retirement Plans: As Jason discussed, one of the biggest challenges in today’s retirement landscape is improving access to retirement plans while ensuring that plan participants have investment options that can deliver potential cost savings. We see CITs as an essential vehicle for achieving these goals, and Great Gray is positioned to lead in this area, offering CITs that are generally lower cost, well-regulated, and built to support optimal retirement outcomes in a diversified investment portfolio.
Pioneering Retirement Income Solutions: With the shift from traditional defined benefit pensions to participant-directed defined contribution plans, retirees face the complex challenge of turning savings into lasting income. Our thought leadership on developing innovative retirement income products, housed within CITs, will help Great Gray remain at the forefront of retirement security solutions.
Why ERISA Expertise Matters to Great Gray:
Jason expands our already deep bench of ERISA expertise at a critical time when the retirement industry is navigating complex regulations and increasing demand for innovative, cost-effective, retirement solutions. His strong relationships throughout the retirement ecosystem, legal acumen, and forward-thinking approach will contribute to our growth as we continue to enhance our CIT offerings, drive efficiency and access for plan participants, and ensure that Great Gray remains a strategic ally for both advisors and asset managers.
As we welcome Jason to Great Gray, we encourage you to read his full article on LinkedIn to gain deeper insights into his perspectives on ERISA’s legacy and future. His knowledge will no doubt bolster our ability to meet the evolving challenges of the retirement space, ensuring that Great Gray continues to provide the highest standard of fiduciary service.
With Jason on board, we’re continuing towards our objective of building a secure retirement for Americans—now and for the next 50 years.
Great Gray Trust Company, LLC Collective Investment Funds (“Great Gray Funds”) are bank collective investment funds; they are not mutual funds. Great Gray Trust Company, LLC serves as the Trustee of the Great Gray Funds and maintains ultimate fiduciary authority over the management of, and investments made in, the Great Gray Funds. Great Gray Funds and their units are exempt from registration under the Investment Company Act of 1940 and the Securities Act of 1933, respectively.
Investments in the Great Gray Funds are not bank deposits or obligations of and are not insured or guaranteed by Great Gray Trust Company, LLC, any bank, the FDIC, the Federal Reserve, or any other governmental agency. The Great Gray Funds are commingled investment vehicles, and as such, the values of the underlying investments will rise and fall according to market activity; it is possible to lose money by investing in the Great Gray Funds.
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