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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. 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.
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
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