You can also contact us toll-free at 1‑866‑444‑6246 to discuss your pension payment options and how each may impact your individual situation. Importantly, a blackout period during the transition will take place in which you will be unable to access any of your benefit information. *A resolution has been put in place to eliminate the reallocation error. All changes are effective January 2, 2015. The purpose of this website is to provide the public with general information about the services offered by our investment management firm. To discuss the investment line-up overall or how these changes may impact your investment allocation, contact us toll-free at 1-866-444-6246. The ALERT is due to an error which is occurring as a result of a Fidelity fund change within the Plan at the end of the year. Check this page for future updates to the SSIP and TESPHE plans, as well as news that affects Ford employees and retirees. Ford Motor Company will introduce a Roth option to the 401(k) plan next year. Sign up for a new account in our community. Is this the start of Ford's vengeance on the UAW hourly employees? I got my letter.Just in time to put a hold on the loan i was going to take out.SUCKS! Additionally, for those Ford employees who are ineligible for a Roth IRA due to income limitations, a Roth 401(k) provides an opportunity to build a tax-free retirement income source. Mainstay Capital Management recommends that all Ford salaried employees contribute at least 5% in order to take full advantage of the company match. Please accept the new terms and conditions. Mainstay Capital Management, LLC is an investment advisor registered with the Securities and Exchange Commission. FRP (Ford Retirement Plan) accounts will merge into the Ford SSIP. We can provide a comprehensive Retirement Income Analysis, help evaluate "what-if" scenarios, and assist in making informed decisions concerning any buyout offer. An investor’s tolerance for risk and financial goals are other key factors that should largely play a role in determining the investment strategy and asset allocation. Effective March 27, 2015, Harbor Capital Advisors, Inc. A/X/Z Plan pricing, including A/X/Z Plan option pricing, is exclusively for eligible Ford Motor Company employees, friends and family members of eligible employees, and Ford Motor Company eligible partners. If no election is made for the AICP or Profit Sharing payout, you will receive your entire payment in cash, incurring a mandatory 25% Federal income tax withholding. For those evaluating a buyout offer, there are important factors to consider: Mainstay Capital Management is a fee-only, independent investment advisor that provides portfolio management and retirement planning services as well as counsels hundreds of Ford employees on buyout offers.  I called to do this and they told me I either have to be 59 1/2 or be in danger of foreclosure or can prove dire need to take more than 50K in one year. Ford does not make a contribution on your behalf. Leaving FPR and taking you to preferred dealer site. They should have to honor it. The Web portal builds upon the convergence of health and wealth benefits in the marketplace and the desire to control costs. jjense10, May 1, 2014 in Ford Employee Forum. Ford Motor Company has announced changes that will impact a specific mutual fund investment option in the Savings and Stock Investment Plan (SSIP) for salaried employees and the Tax-Efficient Savings Plan for Hourly Employees (TESPHE). Join the Directory The company match will continue on a pre-tax basis without affecting the pre-tax threshold. I got the letter Months ago that it was in the works. var prefix = 'ma' + 'il' + 'to'; By taking advantage of the lump sum pension payment option, Ford retirees may reduce many potential pension risks including longevity risk due to inflation, tax risk, and mortality risk. By jjense10, May 1, 2014 in Ford Employee Forum. Analysis of Management Services Available to Ford Employees, Maximizing Ford Company Match After AICP Contribution, Pension Lump Sum Frequently Asked Questions, “Roth 401(k) - Frequently Asked Questions”, "Why Investment Choices In Your 401(k) Might Change", Interest Income Fund Update Change in Credit Rate Process, "Automotive workers seek advice on buyouts", Ford to Drop Fidelity Magellan from Employees' 401(k) Plan, Getting Personal: Financial Planning Before The Buyout, Consider financial future before accepting buyout. We're navigating you to the dealer's website to set up your service. Ratings and reviews are provided by customers who have either purchased a vehicle or visited a dealership for service. No action is required on your part. Powered by Invision Community. Keep in mind, the IRS limit for pre-tax contributions can not exceed $17,500 for 2013 (or $23,000 if age 50 or older). ACS Human Capital Management Solutions cover the entire spectrum of the human resources function and its services are provided to more than 4 million employees and retirees in more than 80 countries worldwide in 20 languages. The current match of $.60 per dollar of employee contribution up to 5% of the employee’s eligible base salary will increase to $.80 per dollar of employee contribution up to 5% of the employee’s eligible base salary. Ford Motor Company announced an increase in the company match for the Savings and Stock Investment Plan (SSIP) effective July 1, 2012. LifePath funds hold some appeal in that they are simple to explain and administer. We believe this is a good guideline for ownership of company's stock in your 401(k). ford stock; Recommended Posts . Effective November 14, 2014, the fund will be closed to new investments and current allocations will transfer to an existing fund in the plan. The real world changes every day, yet proponents of LifePath funds, or similar funds, expect someone to stick to a single game plan for as much as 40 years, whether interest rates are rising or falling, or whether the economy is in expansion or recession. This fund will not be replaced with a new investment option. Additionally, for those Ford employees who are ineligible for a Roth IRA, the Roth feature provides an opportunity to build a tax-free retirement income source. Additionally, they leave no room for the fund manager to tactically adjust the allocation strategy based on specific opportunities within the financial markets or in response to prevailing market conditions. Any amount of the AICP payout or Profit Sharing payout that is elected for deferral to the SSIP or TESPHE will be combined with your pre-tax contributions that are contributed to the plan throughout the year, including those contributions you have already made this year. I used another site which does not adjust and found that you are correct that the close on 4-29 was $16.12 unlike what Yahoo Finance which says $16.00. Are reviews modified or monitored before being published? According to the letter that was sent to me about this whole changeover situation, it says that Fidelity will not process any loan repayments after December 31st at 4:00 p.m.. You will receive coupons in the mail from ACS sometime in January 2010 to remit payments. i have a TESPHE account thru Ford Motor, and am currently employeed. Ever since then, there has been no looking back for the company. With the addition of this feature, employees will have the flexibility to direct contributions among both types of 401(k) accounts as their current and future tax situation dictates. So, if 1% is held in cash then the return on any given day should be around 1% less. Ten of these funds are included in the Ford plan, with 5-year incremental targets from 2015 to 2055, along with a fund targeted as a Retirement Fund. Why do you need and how does work with the WordPress site protection, Run a Small Enterprise Utilizing Your Smartphone, How you can make an image as a background, Find out how to use Zoom video conferencing, Amazing PC Features You must Learn In 2020, How to set up multiple monitors on Windows 10, Mobiles launching Very Soon : iPhone 12 series, OnePlus 8T, Pixel 4a and others, Take These Steps Earlier than Putting in Android 10 on Your Telephone, Ambiq Micro boasts hyperefficient chips for smartwatches. Ford Motor Company is removing one of the funds in the Savings and Stock Investment Plan (SSIP) for salaried employees and the Tax-Efficient Savings Plan for Hourly Employees (TESPHE). for Free! Your action is required to establish new login and security access for your Ford SSIP or TESPHE account. LifePath funds attempt to make decisions about asset allocation based solely on a target date. MaritzCX moderates public reviews to ensure they contain content that meet Review guidelines, such as: ‣No Profanity or inappropriate defamatory remarks, ‣No Personal Identifying information (e.g., customer phone number or email), ‣No Competitor references (e.g., another brand or dealership), ‣Dangerous behavior (e.g. Through a collection of current features and programs, and features coming soon, FordPass will provide you with more options so you can go further than you thought possible...Note: If you do not accept the terms and conditions by June 30, 2020, your Owner Advantage Rewards balance will be forfeited. Ford continues to contribute a fixed amount toward the cost of retiree medical benefits, based on your level of coverage. The current match of $0.80 per dollar will increase to $0.90 per dollar of employee contributions, up to 5% of the employee’s eligible base salary. Old news. These changes will be effective as of the close of business on January 31, 2013. i have a TESPHE account thru Ford Motor, and am currently employeed. You contribute to this account with your own money. It was founded and incorporated by Henry Ford in the year 1903. You need JavaScript enabled to view it. If you have any questions concerning our website or your Ford 401(k) account, please feel free to contact us using the following e-mail link: This email address is being protected from spambots. Ford is a multinational company of American origin whose main headquarter is located in Dearborn, Michigan. i have a TESPHE account thru Ford Motor, and am currently employeed. Powered by Invision Community, Ford Motor Company Employee Discussion Forum. What should I do with the assets in my 401(k)? These options are in addition to the current lump sum withdrawal option. ACS’ breadth of comprehensive HR business process offerings includes HR services, total benefits services, and learning management services. Add your vehicle to easily find vehicle information, track your Owner Advantage Rewards and receive notifications. Account balances and new monies invested (contributions/loan repayments) in the options being removed from the plans will be transferred either to other existing investment options or to the new investment options.

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