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
Inteva Products Fund Change Announcement - January
The pending changes will include closing several of the mutual funds currently offered in Plan, as well as offering several new options. All changes impacting the Plan will take effect on April 1, 2014.
To discuss these important changes to the Inteva 401(k) plan and how to allocate your portfolio in light of the new investment menu, do not hesitate to contact Mainstay toll-free at 1-866-444-6246.
Principal Financial Group to replace
Fidelity as 401(k) plan administrator
Reinstatement of savings plan match
for Inteva Products Salaried Employees – October 2010
Note for Inteva Products Employees
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.
Principal Trust Target Date Funds
Twelve of these funds are included in the plan, with 5-year incremental targets from 2010 to 2060, along with a fund targeted as an Income Fund. The way the target retirement funds are designed, the further away the target date, the more aggressive the asset allocation, conversely, the closer the date, the greater the emphasis on preservation of capital in the asset allocation.
These funds hold some appeal in that they are simple to explain and administer. While this approach is unique, we believe the asset allocation decisions provided by these funds are crude at best. Target date funds attempt to make decisions about asset allocation based solely on a target date. 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. Additionally, they leave no room for the fund manager to tactically adjust the strategy based on specific opportunities within the financial markets or in response to prevailing market conditions.
The returns realized in these commingled vehicles are diluted by a rigid adherence to mechanical allocation parameters. These parameters may prove to be shortsighted and inappropriate for everyone participating in the pool. The real world changes every day, yet proponents of target date 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. While target date funds offer a simple one-stop-solution, we continue to advise participants to avoid target date funds and retain the flexibility to proactively adjust their portfolios as needed.
Please reference "Target-Date Funds Face Regulation", published in The Wall Street Journal.
Fund Table - September 30, 2014
The Inteva Products 401(k) fund table provides critical data on investment options within the plan.
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
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