Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Loan & Distribution Specialist AimPoint Pension
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Compass
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Final SEC Rules to Usher in Floating NAV, Fees, and Gates for Money Market Plan Investments (PDF)
Buck Aug. 26, 2014
"Since money market funds haven't had to distinguish between shareholders who are 'natural persons' and other types of shareholders before, [the authors] anticipate that existing money market funds that wish to maintain a stable share price will reorganize into two funds -- one with a stable share price for their retail shareholders (who meet the definition of 'natural persons' -- including participant-directed defined contribution plans) and the other with a floating share price for their institutional shareholders. The additional reorganizational expenses may pose a challenge for money market fund sponsors[.]"
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