Need assistance using the Delphi SRSP Manager? 

The new Delphi Salaried Retirement Savings Program (SRSP) will be launched coincidentally with the “freeze” of the current traditional pension plan on May 1, 2008. The SRSP will also replace the Salaried Stock Savings Program (SSPP). Provisions of the new SRSP include a company contribution equal to 4% of eligible salary. Additionally, Delphi will match $0.50 on each $1.00 of employee payroll contributions up to 7% of eligible salary for those employees with less than 25 years of service and up to 9% of eligible salary for those employees with more than 25 years of service.

As you consider how much you should contribute to the plan, it is very important that you understand how to stay within the annual IRS limits for contributions to the plan. You can contribute up to 60% of your combined base salary and Salaried Incentive Plan Payment, however, the IRS 2008 annual limit is $15,500 for pre-tax/Roth contributions and $46,000 for all contributions, including the Company contributions. If you reach the limit during the year, you will lose the ability to receive the Delphi Retirement Contribution and Matching Contribution until the next calendar year. Mainstay Capital Management’s guidance in using the SRSP Manager can help you avoid missing out on valuable employer contributions by showing you how much you can safely contribute.

For assistance using SRSP Manager, call toll-free 1-866-444-6246. A Mainstay Capital Management Retirement Planning Specialist can assist you in using SRSP Manager for your individual situation and answer any other questions you have about the new SRSP and your retirement plan.

Call toll-free 1-866-444-6246 or visit our seminar page to review our schedule of upcoming educational seminars.

Request a free copy of Mainstay Capital Management's "Guide to Investing in the Delphi SRSP"

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