Visteon VIP and 401(k) Savings Plan
With well over 30 investment options available, the Visteon Investment Plan (VIP) for salaried employees and 401(k) Savings Plan for hourly employees are among the best in the country. With this large number of funds, there is ample opportunity to build a well-diversified portfolio for your Visteon 401k savings.
For your reference, we have provided a fund table displaying style, risk, and past performance for many of the funds in the VIP. In addition, please visit our “Fund Commentary” section below for further information on specific funds and/or fund types within the VIP account.
To the right you will find articles of interest as well as news and updates to Visteon employee and retiree benefits. Check this page for future updates to the VIP, as well as news that affects Visteon employees and retirees.
News and Updates
Visteon Fund Change Announcement –
Mainstay Capital Management’s CEO, David Kudla, has spoken and is published on the subject of reducing fees (internal expense ratios) for investment options within 401(k) plans. For further insight read his article penned for Forbes, "Why Investment Choices In Your 401(k) Might Change", or contact Mainstay toll-free at 1-866-444-6246 to discuss the impact these changes may have on your portfolio.
Visteon Offers Pension Lump Sum Payments – September 2012
Visteon retirees that are being presented with these new pension payment options will have only a short window in which to make their decision. if you are considering the pension lump sum offer, review Mainstay's “Pension Lump Sum Buyout Program” summary and visit our “In The News” section to review recent articles discussing pension lump sum payments. You can also contact Mainstay toll-free at 1‑866‑444‑6246 to discuss your personal situation.
Visteon Freezes the VPP and Increases Company Match – October 2011
Automatic Enrollment to the VIP - October 2011
Mainstay recommends all VIP participants contribute a minimum of 6% to maximize the company match. Call Mainstay Capital Management toll-free at 1‑866‑444‑6246 to discuss these changes or your personal situation with one of our Certified Financial PlannersTM.
Visteon Fund Change Announcement – April 2011
Visteon Reinstates Company Match – April 2011
While your personal retirement plan may already call for a contribution level higher than 6%, Mainstay recommends that all Visteon salaried employees contribute a minimum of 6% to the VIP to maximize the company contribution.
Visteon Announces New Roth 401(k) Feature in the VIP – December 2010
Visteon also announced, effective immediately, the removal of the 10% maximum on the Spillover election in the VIP.
To discuss the new Roth 401(k) feature, removal of the Spillover election maximum, or your personal situation contact Mainstay Capital Management toll-free at 1‑866‑444‑6246.
Visteon’s Reorganization Plan Approved
Note on Fidelity's Freedom Funds
Twelve of these funds are included in the Visteon plan, with 5-year incremental targets from 2000 to 2050, along with a fund targeted as Income Fund. The way the Freedom 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.
Freedom 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. Freedom 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 allocation 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 Freedom 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. While Freedom Funds offer a simple one-stop-solution, we continue to advise participants to avoid these 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 - December 31, 2012
The Visteon VIP and 401(k) Savings Plan fund table provides critical data on investment options within the plan.
If you have any questions concerning our website or your Visteon 401(k) Account, please feel free
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