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Money Market Reforms Are Coming: Is Your Plan Ready? (PDF)
Lockton Link to more items from this source
[Guidance Overview]
Aug. 8, 2015
"DB plans commonly use MMFs to maintain proper levels of liquidity, enabling benefit payments. Liquidity gates could impair the plan's ability to make these payments ... Many DC plans hold forfeiture accounts [in MMFs] ... Gates may suspend the plan's access to these assets and prevent timely use... Liquidity fees or redemption gates may pose problems in the 90-day period following a participant's default investment into a MMF intended for QDIA relief.... Paying out required minimum distributions and distributing refunds on a timely basis could also be a problem."

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