Investment News writes, "401(k) plans make big fund changes following new money market rules," which claims, "A significant portion of employers switched to a stable value or government money market fund in response to SEC reforms." The article explains, "Employers have drastically mixed up the "safe" investment options offered in their defined contribution plans in response to new rules that came into effect last year regarding money market funds. The Securities and Exchange Commission's rules, which came into force in October, instituted new investor safeguards for money market mutual funds that included special fees and redemption restrictions, as well as a floating net asset value. The changes have pushed DC plan sponsors to evaluate their capital-preservation funds and adopt different funds that aren't subject to these restrictions." The piece adds, "According to the consulting firm Callan Associates, 64% of plan sponsors either changed to a different money market fund or eliminated their money fund altogether within the past two years, largely because of the rules. Of the employers that changed or replace their money fund, nearly 13% added a stable value fund, which aren't subject to the SEC reforms, and 61% adopted a government money market fund."