This Employee Benefit Plan Audit Quality Center (EBPAQC) primer provides a basic understanding of stable value funds and investment contracts.
This document provides information about:
the nature and characteristics of stable value investments
guaranteed investment contracts (GICs)
stable value investments in funds or common collective trusts
fully benefit responsive investment contracts (FBRICs)
contract value vs. fair value
average yield vs. credited interest rate
risks associated with such investments
references to the relevant accounting and auditing standards