General Motors (GM) employees and retirees with account balances in both the GM Personal Savings Plan (PSP) and the GM Retirement Savings Plan (RSP) have received notification that the inactive plan is being consolidated to the active plan.
During this transfer the inactive account will be will closed, portfolio allocations shifted, and loan payment terms possibly adjusted, if applicable. Contribution rates and beneficiary designations in the active account will remain unchanged.
To learn more about this consolidation, contact Mainstay toll-free at 1-866-444-6246 to speak with one of our Certified Financial PlannersTM. We can provide assistance and help you evaluate the overall impact to your financial plan.