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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.

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

To the right you will find articles of interest as well as news and updates to Chrysler employee and retiree benefits. Check this page for future updates to the SESP and HDPP plans, as well as news that affects Chrysler employees and retirees.


News and Updates

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 (HDPP), 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.


Fund Table - June 30, 2010

The Chrysler SESP and HDPP fund table provides critical data on investment options within the plan.

  Chrysler SESP and HDPP - 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.

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