Trump is Elected

There is heavy speculation on the election’s impact.

This will probably be like most political outcomes: It is not going to be as BAD as one side thinks. It is not going to be as GOOD as the other side thinks.

Right now it is still difficult to sort out. Trump claims he wants more infrastructure spending. This is something Democrats have been pushing for a long time. On the other hand, he wants immigration reform that is further to the right than ...

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New Money Market Fund Rules in 401(k) Plans

As mentioned in our May 11, 2015 blog post, the SEC adopted rules that affect many types of Money Market Funds (MMFs) including prime funds.

On October 14, 2016, some MMFs will be able to adopt a floating net asset value (NAV), meaning the value of one share could fall below $1. Affected types of MMFs will be allowed to impose “liquidation windows.” What does that mean? Your employee would not be able to get their money ...

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401(k) Plan Sponsors would be Wise to Examine their Money Market Fund Options

The SEC voted on July 23, 2014 to require floating net asset values (NAV) for prime money market funds. This ruling will also allow some fund managers to charge penalties for withdrawals as well as delaying withdrawals of funds during times of fiscal stress. These new rules take effect October 14, 2016.

Such rules could have serious consequences for an employer’s 401k plan.  While we do not utilize money market funds (MMFs) as an “investment option” in plans managed by ...

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