Inteva Products

Introduction

With over 30 investment options available, the Inteva Products 401(k) is among the best plans in the country. There are certainly enough funds in this plan to build a well-diversified portfolio for your Inteva Products 401k savings.

For your reference, we have provided a fund table displaying style, risk, and past performance for many of the funds in the Inteva Products 401(k). In addition, please visit our “Fund Commentary” section below for further information on specific funds and/or fund types within the Inteva Products 401(k).

To the right you will find articles of interest as well as news and updates to the Inteva Products employee and retiree benefits. Check this page for future updates to the Inteva Products 401(k), as well as news that affects Inteva Products employees and retirees.

News and Updates

Principal Financial Group to replace Fidelity as 401(k) plan administrator

Effective January 1, 2011, Principal Financial Group will replace Fidelity as the administrator for the Inteva Products Savings and Retirement Plans for Salaried and Hourly Employees. With Principal Financial Group, Inteva Products employees will continue to have online access to their account and plan provisions such as eligibility, waiting periods, and benefit structure will not change. As with any plan transfer there will be a short “black out period” where employees will not have access to accounts and some fund changes are to be expected. Employees will be made aware of the timing of the “black out period” and any fund changes prior to the transfer.

Reinstatement of savings plan match for Inteva Products Salaried Employees – October 2010

Beginning January 1, 2011, Inteva Products will reinstate the savings plan match for employees with at least six months of service. Inteva will match 50% of Before-Tax Contributions up to 5% of base pay, excluding Catch Up Contributions. Mainstay recommends that all Inteva salaried employees are contributing at least 5% in order to take advantage of the company match.

Special Note for Inteva Products Employees

With the transition from Delphi to Inteva Products, employees have various options for the disposition of assets in their Delphi 401(k) account. The available options are:

• Roll-over your account balance into the Inteva Products Savings Plan

• Roll-over your account balance into an IRA

• Leave your account balance in the Delphi 401(k)

Important - Any Delphi 401(k) assets rolled into the Inteva plan will be locked in that plan, and you will not be able to roll these assets to an IRA until age 59 1/2 or separation of service from Inteva.

Please contact us to discuss these very important 401(k) plan decisions and any retirement planning questions by calling toll-free 1-866-444-6246.

Fund Commentary

Note on Fidelity's Freedom Funds

Fidelity's Freedom funds are designed for investors targeting specific retirement dates as opposed to style focuses (Growth or Income). The longer the targeted time period, the more equity exposure the fund has. As the target date becomes closer, the funds reduce their stock exposure and increase bond and cash equivalent holdings to lower the investor's risk of a loss. 

The Freedom funds offer a passive approach to portfolio management that may appeal to some retirement plan participants. However, we believe the asset allocation decisions provided by these funds are crude at best. The Freedom Funds attempt to make a decision about an investor's asset mix based solely on age. An investor's financial goals (desire for gains) and tolerance for risk are other key factors that should ultimately determine investment strategy and asset allocation. Ideally, your wealth, desire for gains, risk tolerance, as well as your age and investment time horizon are all considered carefully when developing the proper asset allocation for your portfolio. Because of the "mechanical approach" to changing the asset allocations over time and the Freedom Funds' mediocre performance, we prefer an active approach to portfolio management.

Please reference "Target-Date Funds Face Regulation", published in The Wall Street Journal.

Fund Table - December 31, 2012

The Inteva Products 401(k) fund table provides critical data on investment options within the plan.

  Inteva Products 401(k) - Fund Table                                                                     

If you have any questions concerning our website or your Inteva Products 401(k) account, please feel free to contact us using the following email link: Mainstay@mainstaycapital.com 
or call us toll-free at 1-866-444-6246.

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