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Chrysler SESP and HDPP Plans
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ABC News
Video:
"Automotive
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Chrysler Review as of September 1, 2008
Introduction
The Chrysler SESP and HDPP 401(k)
plans have several dozen mutual funds from a multitude of fund
companies. These plans offer a wide range of funds to choose
from to build a well diversified portfolio for your 401(k) savings.
In this page of the website we include some "Featured Funds" within the Chrysler Plans. At the bottom of this page, we provide a table containing many of the funds available within the Chrysler Plans with critical data on each fund including style, risk, and past performance. Throughout the page we provide other information concerning the plan and links to other areas of our website that may be of interest.
Check this page for future updates to the SESP & HDPP plans as well as news that affects your 401(k) investments.
Chrysler Savings
Plan Changes – Effective December 12, 2008
Chrysler announced several investment option changes for the
Salaried Employees’ Savings Plan (SESP), the Hourly
Employees’ Deferred Pay Plan (HDPP), and the Retirement
Health Care Account (RHCA).
Effective December 12, 2008, DWS Dreman High Return Equity Fund, Fidelity Dividend Growth Fund, and Goldman Sachs Structured Small Cap Collective Trust will be eliminated from the Savings Plans. Assets in these funds and future contribution to these funds will be transferred to the new funds at the close of business on December 12, 2008, accordingly:
| Current | New |
| Dreman High Return Equity Fund | NewWest Large Cap Intrinsic Value Fund |
| Fidelity Dividend Growth | KeyBank EB Diversified Stock Fund |
| Goldman Sachs Structured Small Cap Collective Trust | Eagle Small Cap Core Portfolio |
As of December 17, 2008 the three new investment options will be available in the Savings Plans and participants will be able to access their transferred investments and make changes to how their account balance is allocated or how their future contributions are to be directed.
SEIDP & ESSP
Will No Longer Accept Deferrals
Chrysler announced changes that will affect the participants
of the Salaried Employees’ Income Deferral Plan (SEIDP) and
the Executive Employees’ Supplemental Savings Plan (ESSP).
Effective January 2009, the SEIDP and the ESSP plans will no longer accept deferrals. In addition, all distribution elections previously in effect are cancelled and your total account will be distributed to you as a lump sum in January 2009. However, if you do not want to receive the lump sum distribution in January 2009, there are two alternatives.
Elections regarding the distribution of your lump sum must be made by December 31, 2008. If you would like assistance in choosing an option as it relates to your personal financial plan, do not hesitate to call us toll-free at 1-866-444-6246 to speak with a Financial Advisor.
For any questions regarding any of Chrysler Savings Plan, feel free to contact Mainstay Capital Management toll-free at 1-866-444-6246 or send an email to Mainstay@mainstaycapital.com.
Fund Table
The Chrysler SESP and HDPP fund table provides critical data on investment
options within the plan.
Chrysler SESP and HDPP - Fund Table

If you have
any questions concerning our website or your Chrysler account,
please feel free to contact us using the following e-mail
link:
Mainstay@mainstaycapital.com or call us toll-free at
1-866-444-6246.
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