"​Groups oppose stable-​value default option" in Investment News. Two organizations, Fund Democracy and the Consumer Federation of America joined the Investment Company Institute in lobbying the Office of Management and Budget to exclude stable value funds and money market funds as default investment options in 401k plans. The American Council of Life Insurers is urging the Department of Labor and OMB to allow stable value funds, which total $​396 billion. (Crane Data supports the reinstatement of money market mutual funds as default options in 401k plans.)

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