Visteon VIP and 401(k) Savings Plan
With well over 30 investment options available, the Visteon Investment Plan (VIP) for salaried employees and 401(k) Savings Plan for hourly employees are among the best in the country. With this large number of funds, there is ample opportunity to build a well-diversified portfolio for your Visteon 401k savings.
For your reference, we have provided a fund table displaying style, risk, and past performance for many of the funds in the VIP. In addition, please visit our “Fund Commentary” section below for further information on specific funds and/or fund types within the VIP account.
To the right you will find articles of interest as well as news and updates to Visteon employee and retiree benefits. Check this page for future updates to the VIP, as well as news that affects Visteon employees and retirees.
News and Updates
Visteon Fund Change Announcement – November 2014
Visteon has announced changes that will impact the Visteon Investment Plan (VIP). Effective November 28, 2014, the target date funds in the VIP will move from Fidelity Freedom Funds to State Street Global Advisor (SSgA) Target Retirement Funds.
The new investment options will provide similar investment strategies and risks, but the overall expenses for the investment options will be lower. To discuss this change to the Visteon 401(k) plans, do not hesitate to contact us toll-free at 1‑866‑444‑6246. .
Visteon Fund Change Announcement – October 2014
Visteon has announced changes to several investment options in the Visteon Investment Plan (VIP). Two investment options will be frozen in the plan on November 28th and remaining balances will transfer to the new options on December 4th. During this blackout period you will be unable to make exchanges into or out of the exiting funds.
In addition, the target date funds will transfer from Fidelity Freedom Funds to SSgA Target Retirement Funds on November 28th. There is no blackout period associated with this change.To discuss the new plan lineup, our insight into these changes, or how they may impact your investment allocation, contact us toll-free at 1-866-444-6246.
Visteon Fund Change Announcement –
Mainstay Capital Management’s CEO, David Kudla, has spoken and is published on the subject of reducing fees (internal expense ratios) for investment options within 401(k) plans. For further insight read his article penned for Forbes, "Why Investment Choices In Your 401(k) Might Change", or contact Mainstay toll-free at 1-866-444-6246 to discuss the impact these changes may have on your portfolio.
Visteon Offers Pension Lump Sum Payments – September 2012
Visteon retirees that are being presented with these new pension payment options will have only a short window in which to make their decision. if you are considering the pension lump sum offer, review Mainstay's “Pension Lump Sum Buyout Program” summary and visit our “In The News” section to review recent articles discussing pension lump sum payments. You can also contact Mainstay toll-free at 1‑866‑444‑6246 to discuss your personal situation.
Visteon Freezes the VPP and Increases Company Match – October 2011
Automatic Enrollment to the VIP - October 2011
Mainstay recommends all VIP participants contribute a minimum of 6% to maximize the company match. Call Mainstay Capital Management toll-free at 1‑866‑444‑6246 to discuss these changes or your personal situation with one of our Certified Financial PlannersTM.
Visteon Fund Change Announcement – April 2011
Visteon Reinstates Company Match – April 2011
While your personal retirement plan may already call for a contribution level higher than 6%, Mainstay recommends that all Visteon salaried employees contribute a minimum of 6% to the VIP to maximize the company contribution.
Visteon Announces New Roth 401(k) Feature in the VIP – December 2010
Visteon also announced, effective immediately, the removal of the 10% maximum on the Spillover election in the VIP.
To discuss the new Roth 401(k) feature, removal of the Spillover election maximum, or your personal situation contact Mainstay Capital Management toll-free at 1‑866‑444‑6246.
Visteon’s Reorganization Plan Approved
SSgA Target Retirement Funds
Ten of these funds are included in the plan, with 5-year incremental targets from 2015 to 2055, along with a fund targeted as an Income Fund. The further away the target date, the more aggressive the asset allocation. Conversely, the closer the date, the greater the emphasis on preservation of capital in the asset allocation.
Target retirement funds hold some appeal in that they are simple to explain and administer. While this approach is unique, we believe the asset allocation decisions provided by these funds are crude at best. These funds attempt to make decisions about asset allocation based solely on a target date. An investor’s tolerance for risk and financial goals are other key factors that should largely play a role in determining investment strategy and asset allocation. Additionally, they leave no room for the fund manager to tactically adjust the strategy based on specific opportunities within the financial markets or in response to prevailing market conditions.
The returns realized in these commingled vehicles are diluted by a rigid adherence to mechanical allocation parameters. These parameters may prove to be shortsighted and inappropriate for everyone participating in the pool. The real world changes every day, yet proponents of lifecycle funds expect someone to stick to a single game plan for as much as 40 years, whether interest rates are rising or falling, or whether the economy is in expansion or recession. While target retirement funds offer a simple one-stop-solution, we continue to advise participants to avoid these funds and retain the flexibility to proactively adjust their portfolios as needed.
Please reference "Target-Date Funds Face Regulation", published in The Wall Street Journal.
Fund Table - March 31, 2015
The Visteon VIP and 401(k) Savings Plan fund table provides critical data on investment options within the plan.
If you have any questions concerning our website or your Visteon 401(k) Account, please feel free
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