Chrysler SESP & HDPP Plans
 

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. 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 (HEDPP), 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.

  • First would be to elect to receive the lump sum in any year 2010 through 2013;

  • Second alternative is to receive up to five annual installment payments in years 2009 to 2013.

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.

ABC News Video: "Automotive workers seek advice on buyouts"

Chrysler SIP, SER, VTIP Employee Buyout Offers

Are you a Chrysler employee considering a buyout?

Funding Healthcare Costs After Age 65

For Your Interest

Chicago Tribune, May 4, 2008
Consider financial future before accepting buyout

Wall Street Journal, February 20, 2008
How to Value the Buyout Offer


                                                                                                                                                                                                                                                                                                     

  Printer Friendly PDF Version Chrysler SESP and HDPP Plans - 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.

Return to Top of Page

Home |  About Us | Free Information Kit | Contact Us | Careers 
Important Disclosures
Privacy Statement
Copyright © 2002-2008 Mainstay Capital Management, LLC.  All rights reserved.
10775 South Saginaw, Grand Blanc, Michigan 48439