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Many current and former Delphi
employees are faced with critical decisions that significantly impact their
financial future. Some work at a division of Delphi transitioning to a new owner
(Inteva, TRW Automotive, Steering Solutions Corporation, etc.). Some employees
have or will retire. Others have or will seek employment with another company.
Many current employees are staying with Delphi and will soon participate in the
new Salaried Retirement Savings Plan (SRSP).
Each of these situations presents important issues to consider. What are the
best options for Delphi SSPP, PSP, and pension plan assets? Can Mainstay provide
advice on the new SRSP, the new Inteva Products Retirement Savings Plan, or
another new company’s retirement savings plan?
Mainstay Capital Management, a fee-only, independent investment advisor,
specializes in the SSPP, PSP, SRSP, pension plan, employee benefits, and other
financial considerations for Delphi employees and retirees. Mainstay also
currently provides comprehensive retirement savings plan management and/or other
advice to employees at over 100 different companies and non-profit
organizations, including Inteva Products, and TRW Automotive. In fact, we can
offer advice on any type of 401(k), 403(b), 457, IRA, or traditional pension
plan.
For those retired, transitioning to retirement, or simply moving to another
company, Mainstay can provide you with a comprehensive Retirement Income &
Investment Plan to help you evaluate “what-if” scenarios and make informed
decisions. With a staff of Certified Financial PlannersTM and
Chartered Retirement Planning CounselorsSM, Mainstay can
provide advice and comprehensive solutions for all of your investment and
financial planning needs.
We have already counseled many current and former Delphi employees concerning
these decisions and would be glad to assist you and others that could benefit
from our guidance. If you would like to discuss these very important topics and
your retirement plan with a Retirement Planning Specialist at Mainstay, call
toll-free 1-866-444-6246. Also, consider joining us at one of our upcoming free
retirement planning and investing seminars.
Special Note for Inteva Products Employees:
With the transition from Delphi to Inteva Products, employees are being asked to
make a very important decision regarding the assets in their Delphi 401(k)
account. The available options are:
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Roll-over your account
balance into the Inteva Products Retirement Savings Plan
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Roll-over your account
balance into an IRA
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Leave your account balance in the Delphi 401(k)
A “Special One-time Rollover” is offered for employees to directly transfer
assets from the Delphi plan to the Inteva Products Plan. We advise clients to
waive this option for now. This option will still be available in the future,
should you decide to choose it.
Inteva employees should, however, elect a payroll contribution amount into the
new plan. In order to not miss a payroll deduction, the last day to make an
election is February 29, 2008. There is no need to change your investment
elections, however, as they will be mapped to the corresponding investment
elections in the Inteva Plan.
Request a free copy of Mainstay Capital Management's
"Guide to Investing in the Delphi SRSP"
Educational Seminar Schedule
Delphi Corporation home page
Inteva Products home page
Platinum Equity (Newco) home page
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