General Motors (GM) 401k Plan Information

Introduction

Below you will find articles of interest as well as news and updates to General Motors employee and retiree benefits. Check this page for future updates to the GM RSP and PSP 401(k) plans, as well as news that affects General Motors employees and retirees.


For Your Interest


GM Plan Updates

GM Conservative Income Fund – April 2021

You may have noticed what appeared to be a decline (-0.44%) in the GM Conservative Income Fund for Thursday, April 1st, 2021. We have researched this issue with GM Asset Management and have confirmed it was inaccurate pricing of the Net Asset Value (NAV) of the GM Conservative Income Fund that day. The error will be corrected this week by Fidelity, the 401(k) plan administrators, restoring the GM Conservative Income Fund to the correct value.

GM 401(k) Plan Changes - June, 2020

General Motors has announced changes to the investment lineup for the GM Retirement Savings Plan (RSP) for salaried employees and the Personal Savings Plan (PSP) for hourly employees.
 
Effective July 31, 2020, there will be an update to the Target Date Funds Pathway, the addition of two new multi-manager "White Label" Funds, and the removal of five existing investment options.
 

To discuss these plan changes and how they may impact your investment allocation, do not hesitate to contact Mainstay Capital Management toll-free at 1‑866‑444‑6246.

 

 

 

GM Retirement-Eligible Special Payment (RESP) – June 2017

General Motors has announced a Retirement-Eligible Special Payment (RESP) available to GPD, GPSC, and Manufacturing Engineering retirement-eligible U.S. classified salaried employees who retire between July 1, 2017 and September 1, 2017.

The RESP will offer the following:

  • Retirement under Company benefit plans and programs, subject to their terms; plus
    • Pay-out of any unused 2017 vacation upon retirement
    • Pro-rated teamGM payment based on your actual last day worked, to be paid in March 2018, based on Company performance
  • Additional two months of base pay in a one-time lump sum payment

Many employees are currently deciding whether to retire. The RESP is an added factor that may help employees make the decision to retire, if that is their preference.

Contact Mainstay toll-free at 1-866-444-6246 to learn more about the GM RESP and how we can help you achieve your retirement goals through your 401(k), IRAs, and non-retirement accounts.

Transitioning from General Motors - February 2019

Mainstay Capital Management is offering our assistance to the many GM employees who have recently retired, participated in the Voluntary Separation Program, or have been transitioned from the company involuntarily.

Separating with General Motors may be one of the most important events in your lifetime. A detailed analysis and a comprehensive strategy can give you the peace of mind that you have planned prudently for the future. To discuss your personal situation in detail, please contact us toll-free at 1-866-444-6246.

GM 401(k) Plan Investment Lineup Changes – June 2017

The GM Retirement Savings Plan (RSP) for salaried employees and the Personal Savings Plan (PSP) for hourly employees is revising the investment fund lineup.

Effective June 30, 2017, the share class of several investment options offered will change to a new share class. The new share class will offer the same investment strategy and risk, but will have a lower overall expense.

GM HSA Account Upgrades – June 2017

For those salaried employees and retirees who participate in the General Motors Health Savings Account (HSA), you may have received notification regarding the upcoming account upgrades provided through Bank of America has announced changes to the GM Health Savings Account (HSA). The enhancements are to include a redesigned website, introduction of a mobile app, an online chat feature, and enhanced investment features.

During this transition period the GM HSA account as well as the HSA debit cards will be unavailable. There are no changes to the fund lineup associated with this upgrade.

Register or log in to view our most recent Model Portfolios for the GM HSA.

GM Savings Plan Transfer Notice – May 2017

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.

GM HSA Investment Menu Change – May 2017

The General Motors Health Savings Account (HSA) provider, Bank of America, has announced changes to the investment menu within the HSA.

During the month of May, fifteen investment options will be removed from the account, two new options will be added, and ten current investment options will change share class.

If you have the auto-investment feature turned on and are directing investments to any of the closing funds, you will need to choose new auto-investment fund options prior to May 22, 2017. If no new option is selected by the deadline, the funds being removed will be liquidated and the proceeds will be deposited into the HSA Cash Account. For auto-investments into funds changing share class, no action is necessary.

For those that follow Mainstay Capital Management's HSA Model Portfolios, these changes only impact the growth model portfolio. Oppenheimer Developing Markets, held in the growth model portfolio recommendation, is one of the funds leaving the line-up. We will use Vanguard Emerging Markets Stock Index to replace Oppenheimer Developing Markets in this portfolio.

If you have questions regarding how these changes may affect your HSA portfolio or your investment option selection within the GM HSA, don't hesitate to contact Mainstay Capital Management toll-free at 1-866-444-6246.

GM Roth In-Plan Conversion Option – April 2017

In 2017, the combined pre-tax and Roth 401(k) contribution limits for your General Motors 401(k) is $18,000. For participants age 50 and over, a $6,000 "catch up" contribution is allowed.

While the Roth 401(k) feature has been available within the Plan for a few years, General Motors has also enacted a newer IRS provision which allows you to convert traditional 401(k) savings to Roth savings within the Plan. This option is known as an "In-Plan" Roth conversion.

GM 401(k) participants can now contribute even more than the combined pre-tax and Roth 401(k) contribution limits above into the RSP or PSP and then use the Roth "In-plan" conversion to establish tax-free growth and tax-free distributions on far more than those limits each year. In fact, you can contribute up to $54,000 or more each year!

This can be a complicated subject and any action may have varying tax implications. To learn more about the “In-plan” provision and its merits in increasing the amount of Roth and tax-free contributions to your RSP or PSP, 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 benefits of the Roth "In-plan" conversion.

GM GVUL Changes – January 2017

MetLife recently mailed notices to Salaried GM Employees that announced changes that will impact those participating in General Motors (GM) Group Variable Universal Life (GVUL) insurance. This notification informed GVUL participants that MetLife intends to pursue a separation of a portion of their individual life insurance and annuity business. The new company will operate under the name Brighthouse FinancialSM.

While MetLife will continue to service the GVUL product, there will be certain noticeable changes. The most noted will be the name of several funds, currently labeled “MetLife” or “Met”, will be renamed “Brighthouse”. You are also being requested to participate in the proxy vote associated with this change.

To discuss this important change to MetLife and the fund changes within the GM GVUL, do not hesitate to contact Mainstay toll-free at 1-866-444-6246.

GM RSP & PSP 401k Plan Changes – February 2016

Effective February 12, 2016, the Pyramis Small Cap Core Commingled Pool, a fund option within the General Motors (GM) RSP and PSP 401(k) Plan, has changed its name to FIAM Small Capitalization Core Commingled Pool. This is the result of all Pyramis fund names changing to Fidelity Institutional Asset Management (FIAM).

GM RSP & PSP Plan Changes – May 2015

General Motors has announced several important upcoming changes relating to the General Motors Retirement Savings Plan (RSP) and the Personal Savings Plan (PSP), referred to as the “Plans”.

Effective June 29th, the Income Fund will transition to a different management company.

Effective July 9th, GM is removing an investment option from the Plans and mapping any existing balances over a transition time period to another available fund option. There will also be a "blackout period" suspending all activity involving the investment option being removed.

Effective July 10th, several Fidelity mutual funds will be replaced by lower cost collective investment trust (CIT) investment options, known as commingled pools. In addition, GM is adding a BlackRock investment option to the Plans.

Beginning in July 2015, a quarterly revenue credit is being implemented for two investment options in the Plans, the result of a fee credit negotiated by GM with Fidelity.

To discuss these plan changes and how they may impact your investment allocation, do not hesitate to contact Mainstay Capital Management toll-free at 1‑866‑444‑6246.

GM HSA Fund Change Announcement – April 2015

General Motors has announced changes to the investment menu within the Health Savings Account (HSA). Two of the existing fund options will shift to a new "institutional" share class effective April 13, 2015. These funds will automatically carry over to the institutional share class without any action on your part. New fund codes and ticker symbols are associated with the new share class.

Effective April 13, 2015, Vanguard Value Index, Vanguard Total Stock Market Index, and Vanguard International Value will be added to the plan investment menu. Blackrock Flexible Equity and Thornburg International Value will be closed to new investments on April 13th as well. Anyone with the auto-investment feature turned on and directing investments to either of these two closing funds will need to make adjustments to the allocation of their auto-investments prior to April 13th or this feature will be automatically turned off.

If you have questions regarding how these changes may affect your HSA portfolio or your investment option selection within the GM HSA, don’t hesitate to contact Mainstay toll-free at 1‑866‑444‑6246.

GM RSP & PSP Plan Changes – February 2015

Effective April 1, 2015, changes to the State Street Global Advisors Target Retirement Funds will impact the General Motors Retirement Savings Plan (RSP) and Personal Savings Plan (PSP).

A new Target Retirement Fund will be added and one will be removed from the plan. These changes will also impact the Qualified Default Investment Alternative (QDIA) for GM Savings Plan participants.

To discuss these plan changes and how they may impact your investment allocation, do not hesitate to contact Mainstay Capital Management toll-free at 1‑866‑444‑6246.

GM RSP & PSP Plan Changes – December 2014

Effective January 1, 2015, based on recent legislation and IRS guidelines, GM is expanding the Roth conversion feature in the RSP and PSP to incorporate all vested assets, including both pre-tax and after-tax monies. This feature can allow for more flexibility in managing one’s tax strategy up to and throughout retirement.

To discuss the Roth conversion option in your GM savings plan and if it may be right for your personal situation, contact Mainstay Capital Management toll-free at 1‑866‑444‑6246.

GM HSA Fund Change Announcement – June 2014

General Motors has announced changes to the investment menu within the Health Savings Account (HSA). Several of the available options in the plan will transition to a new "institutional" share class between June 23rd and June 25th.

The new institutional share class for each mutual fund investment option provides the same investment strategy and risk, but the overall expenses for the investment option will be lower. New fund codes and ticker symbols are associated with the new share class.

If you have questions regarding how these changes may affect your HSA portfolio or your investment option selection within the GM HSA, don’t hesitate to contact Mainstay toll-free at 1‑866‑444‑6246.

RSP & PSP Fund Line-Up Changes – February 2014

General Motors has announced changes that will impact the GM Retirement Savings Plan (RSP) and Personal Savings Plan (PSP) (“the Plans”). The changes will take place in early April 2014.

The target date funds are moving from Pyramis Active Lifecycle Funds to State Street Global Advisor Target Retirement Funds, one fund is changing share class, and one fund is being eliminated from the Plans.

To discuss these important changes to the GM 401(k) plans and how to allocate your portfolio in light of the new investment menu, do not hesitate to contact us toll-free at 1‑866‑444‑6246.

GM HSA Fund Change Announcement – May 2013

General Motors has announced changes to the fund lineup in the Health Savings Account (HSA). These changes impact various mutual funds in the HSA, effective as of the close of business on June 17, 2013. For some participants, if no action is taken, your automatic investment feature may be turned off.

If you have questions regarding how these changes may affect your portfolio or your investment option selection within the GM HSA, don't hesitate to contact Mainstay toll-free at 1‑866‑444‑6246.

RSP & PSP Fund Change Announcement – April 2013

General Motors has announced upcoming investment option changes for the Retirement Savings Plan (RSP) and Personal Savings Plan (PSP). The new investment options will provide similar investment strategies and risks, but the overall expenses for the investment options will be lower. These changes will be effective as of the close of business on May 24, 2013. Contact Mainstay toll-free at 1‑866‑444‑6246 to discuss the impact these changes may have on your portfolio.

GM Salary teamGM and RSU Payout – February 2013

GM salaried employees that are eligible under the teamGM Performance Plan (formerly EVP) may defer up to 100% of their teamGM payout on a pre-tax basis only, to the RSP in 1% increments. After-tax contributions, including the Roth 401(k), are not allowed under the teamGM Performance Plan.

Any amount of the teamGM Performance Plan payout that is deferred to the RSP will be combined with the pre-tax and Roth contributions already made this year. The annual IRS limit on these pre-tax and Roth contributions for 2013 is $17,500 (or $23,000 if age 50 or older). It is important to remember that contributions, up to 4% of eligible pay for salaried employees, are matched by GM per pay period. Therefore, in order to maximize the company’s matching contribution, it is essential to elect at least a 4% payroll contribution throughout the year. Participants can continue to contribute to the RSP in order to take advantage of the company match even after the pre-tax limit has been reached.

For those eligible executive level employees under the General Motors 2009 Long-Term Incentive Plan (the "Plan"), GM granted Restricted Stock Units (RSUs) on March 15, 2010. The awarded RSUs become unrestricted on March 15, 2013. If you are eligible under the Plan, there are several tax implications to consider upon payment of the RSUs. Importantly, a tax optimization strategy should be incorporated into your financial plan.

Those receiving RSUs also need to consider what impact this holding may have on their current investment strategy and portfolio diversification. A comprehensive review of your tolerance for risk, time horizon, and investment goals may be in order to successfully integrate this award within your overall investment portfolio.

If you have questions on the teamGM Performance Plan payout or the Restricted Stock Units, contact Mainstay Capital Management toll-free at 1-866-444-6246 to speak with one of our Certified Financial PlannersTM.

GM Separation Package – January 2013

General Motors has announced a new Skilled Trades Special Attrition Program (SAP) that will be offered to thousands of GM employees. The decision to accept any buyout offer requires careful analysis and planning.

For those evaluating a buyout offer, there are important factors to consider:

  • Am I financially ready to go?
  • Have I developed a comprehensive Retirement Income Plan?
  • How will the SAP impact my retirement plan?
  • Are my investments allocated appropriately for this life event?
  • What should I do with the assets in my 401(k)?

Mainstay Capital Management is a fee-only, independent investment advisor that has counseled hundreds of GM employees on buyout offers. Mainstay currently provides portfolio management and retirement planning services to thousands of active and retired GM employees. We can provide a comprehensive Retirement Income Analysis, help evaluate "what-if" scenarios, and assist in making informed decisions concerning any buyout offer.

Call Mainstay Capital Management toll-free 1‑866‑444‑6246 to discuss your personal situation with a Retirement Planning Specialist.

GM Offers Lump Sum Payments to Retirees – June 2012

General Motors has announced additional changes to its pension plan that will impact 118,000 salaried retirees, with 42,000 being offered a lump sum payment option. These GM retirees must choose among three options by July 20, 2012.

GM salaried retirees who retired between October 1, 1997 and December 1, 2011 are being provided a lump sum payment offer of their pension benefits. These retirees may:

  1. Take their pension benefit as a lump sum payment
  2. Continue to receive their current monthly pension payment (payable by Prudential Insurance)
  3. Choose a new form of their monthly pension benefit based on the lump sum valuation

Retirees not offered a lump sum will continue to receive their current monthly pension benefit, which will be paid by Prudential Insurance after GM’s current pension program is terminated. GM previously announced that current employees will have the lump sum pension payment option available to them at retirement, effective July 1, 2012.

By taking advantage of the lump sum pension payment option, current and future GM retirees may reduce many potential pension risks including longevity risk due to inflation, tax risk, and mortality risk. Most importantly for current employees, at retirement it will completely eliminate "PBGC risk" - the risk that monthly pension payments are someday reduced by the Pension Benefit Guaranty Corporation.

Visit our “In The News” section to review the articles discussing pension lump sum payments or call Mainstay toll-free at 1‑866‑444‑6246 to discuss your personal situation. If you are a member of a GM retiree group that is impacted by this change, and would like to inquire about or schedule a free educational workshop regarding pension payment options and other retirement planning topics, contact us soon as the deadline to make a decision on these options is fast approaching.

GM Modifies Salary Pension Program – February 2012

General Motors announced several key changes to the salaried employee pension program, or Salaried Retirement Program (SRP), and the salaried employee 401(k) plan, or Retirement Savings Plan (RSP).

Effective September 30th, GM is freezing the SRP for employees hired on or before January 1, 2001. Any pension benefits accrued to this date will be fully vested. GM is also modifying the SRP to have the option of a lump sum payout of these accrued benefits upon retirement.

In lieu of any further accrued pension benefits, GM will make a “Retirement Contribution” of either 4% or 6% per pay period directly to an employee’s RSP. These contributions will be based on an employee’s date of hire. The Retirement Contribution will be made regardless of whether or not an employee contributes to their RSP. In addition to the Retirement Contribution, GM will continue to match dollar for dollar up to 4% of employee contributions.

If you have questions about these upcoming changes or how your personal retirement plan may be impacted, contact us toll-free at 1‑866‑444‑6246 to speak with one of our Certified Financial PlannersTM.

GM Salary Enhanced Variable Pay (EVP) – February 2012

GM salaried employees that are eligible under the Enhanced Variable Pay (EVP) may be deciding how much, if any, of the potential EVP payout to contribute to their Retirement Savings Plan (RSP). Eligible participants may defer up to 90% of their EVP payout on a pre-tax basis only, to the RSP in 10% increments. After-tax contributions, including the Roth 401(k), are not allowed under the EVP. There is a very short window to make a deferral election. If no action is taken by the 5:00 PM EST deadline on February 21st, employees will receive their entire EVP payment in cash.

Any amount of the EVP payout that is deferred to the RSP will be combined with the pre-tax and Roth contributions deferred to the plan throughout the year, including those contributions already made this year. The IRS limit on these pre-tax and Roth contributions for 2012 is $17,000 (or $22,500 if age 50 or older).

It is important to remember that contributions, up to 4% of eligible pay for salaried employees, are matched by GM per pay period. Therefore, in order to maximize the company’s matching contribution, it is essential to elect at least a 4% payroll contribution throughout the year. Participants can continue to contribute to the RSP in order to take advantage of the company match even after the pre-tax limit has been reached.

If you have questions on how the election of the EVP to the RSP could impact your contributions for the remainder of 2012, or you want to maximize GM’s company match, contact Mainstay Capital Management toll-free at 1‑866‑444‑6246 to speak with one of our Certified Financial PlannersTM.

GM Profit Sharing Payment – February 2012

General Motors has announced that in the event of a payout under the Profit Sharing Plan for Hourly-Rate Employees, GM-UAW represented employees will have the option to have a portion (up to 100%) of the Profit Sharing payment contributed to their Personal Savings Plan (PSP). There is a very short window, ending on February 7, 2012, in which employees may elect their desired percentage to defer. If no action is taken, employees will receive their entire Profit Sharing payment in cash.

It is important to keep in mind that the IRS limit for pre-tax contributions cannot exceed $17,000 (or $22,500 if age 50 or older) for 2012. However, contributions can still be made to the PSP after reaching the $17,000 threshold. Your weekly contributions will automatically spill over as after-tax once the pre-tax limit is reached. There is a total contribution limit of $50,000 (or $55,500 if age 50 or older) for 2012.

If you have questions on how much of the Profit Sharing payment you should contribute to the PSP relative to your personal situation or how the election of the Profit Sharing payment to the PSP could impact your contributions for the remainder of 2012, contact Mainstay Capital Management toll-free at 1‑866‑444‑6246 to speak with one of our advisors.

RSP & PSP Fund Change Announcement – January 2012

General Motors has announced a change in the share class of the Ariel Fund in the Retirement Savings Plan for salaried employees and the Personal Savings Plan for hourly employees. This change will impact the Ariel Fund in the savings plans effective as of the close of business on February 6, 2012. The new share class for the Ariel Fund (ARAIX) will provide the same investment strategy and risk, but the overall expenses for the fund will be lower. Although the fund code and ticker symbol will change for this investment option, there will be no other material change, with the exception of the lower expense ratio.

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. To read his article penned for Forbes, "Why Investment Choices In Your 401(k) Might Change", visit Mainstay’s "In the News" page.

If you would like more details or have questions about how this share class change could impact your portfolio, contact Mainstay Capital Management toll-free at 1‑866‑444‑6246.

GM Separation Package – Phase II – October 2011

General Motors is again offering a 2011 Special Attrition Program (SAP) to thousands of employees. The decision to accept any separation program requires careful analysis and planning on the part of each employee.

For those evaluating a buyout offer, there are important factors to consider:

  • Am I financially ready to go?
  • Have I developed a comprehensive Retirement Income Plan?
  • How will the SAP impact my retirement plan?
  • Are my investments allocated appropriately for this life event?
  • What should I do with the assets in my 401(k)?
  • Which distribution method for pension benefits is best suited for my personal situation?

Mainstay Capital Management is a fee-only, independent investment advisor that has counseled hundreds of GM employees on buyout offers. Mainstay currently provides portfolio management and retirement planning services to thousands of active and retired GM employees. We can provide a comprehensive Retirement Income Analysis, help evaluate "what-if" scenarios, and assist in making informed decisions concerning any buyout offer.

Call Mainstay Capital Management toll-free 1‑866‑444‑6246 to discuss your personal situation with a Retirement Planning Specialist.

RSP & PSP Fund Change Announcement – June 2011

General Motors has announced upcoming investment option changes for the Retirement Savings Plan (RSP) and Personal Savings Plan (PSP). Several existing investment options will be removed from the plans and new options will be added. The transition to the new fund lineup will start at the close of business July 15, 2011 and come to an end August 26, 2011. If you have questions about how this new fund lineup could impact your portfolio, contact Mainstay Capital Management toll-free at 1‑866‑444‑6246.

GM Salary Enhanced Variable Pay (EVP) – January 2011

General Motors salaried employees that are eligible under the Enhanced Variable Pay (EVP) Plan may be trying to decide how much, if any, of the potential EVP payout to contribute to their Retirement Savings Plan (RSP). Participants are eligible to defer up to 80% of their EVP payout on a pre-tax basis (not Roth or after-tax) to the RSP in 10% increments.

It is important to remember that any amount of the EVP payout that is elected to be deferred to the RSP will be combined with the pre-tax and Roth contributions that are deferred to the plan throughout the year. The limit on these contributions for 2011 is $16,500.

Contact Mainstay Capital Management toll-free at 1‑866‑444‑6246 to speak with one of our Certified Financial PlannersTM to discuss how deferring a portion of your potential EVP payout would impact your personal situation.

GM Salary 401(k) Plan Name Change – January 2011

Effective January 1, 2011 the GM Savings Stock Purchase Program (SSPP) was renamed to the GM Retirement Savings Plan (RSP). Communications and plan literature will be updated accordingly.

GM Separation Package – December 2010

General Motors is offering a 2011 Skilled Trades Special Attrition Program (SAP) to skilled trades employees at 13 of their U.S. facilities. The decision to accept any separation program requires careful analysis and planning on the part of each employee.

New Options Available in Roth 401(k) Account – November 2010

General Motors is offering their RSP and PSP 401(k) participants access to two new features in the Roth 401(k) account currently available within these plans.  Effective November 1st, a new distribution feature allows a participant to make withdrawals directly from their Roth 401(k) account without having to first pull from their traditional 401(k) savings plan account. Also, effective December 1st, a participant can convert qualified distributions from their traditional 401(k) savings plan account into their Roth 401(k) account. Any amounts converted to the Roth 401(k) are taxable, with the exception of after-tax contributions. Conversions processed before December 23, 2010 can defer any tax liability owed over the next two years. For more details, refer to our Special Report “New Options Available in the GM Roth 401(k) Account”.

GM Reinstates Matching for RSP Participants - October 2009

In the past several years GM has instated, adjusted, and suspended the RSP company match several times. On October 1, 2009 GM once again reinstated the company match. The match is $1.00 for each dollar you contribute up to 4% of your eligible base salary. This is calculated as 4% of your base pay for each pay period. GM will match any pre-tax, post-tax, or Roth contributions. There is no match on catch-up contributions. Mainstay recommends that all GM salaried employees are contributing at least 4% in order to take advantage of the reinstated company match.

GM’s Health Plans in 2010 will be HSA Qualified – October 2009

In 2010, GM's health care plans become Consumer Driven Health Plans (CDHP) that are Health Savings Account (HSA) qualified. An HSA is a great tax-advantaged way for participants to save money. Contributions are pre-tax, grow tax deferred and are withdrawn tax-free for medical expenses. Starting in 2010 GM will open an HSA for each salaried employee and make a $1,300 contribution. If you do not intend to immediately use the funds in your HSA, you may want to consider investing these funds utilizing our suggested investment allocation. For additional information on the HSA and our suggested model portfolios, visit our special report titled Heath Savings Accounts.

RSP Roth and PSP Roth

The Roth feature within a 401(k) plan allows employees to “tax diversify” their income sources for retirement. Employees have the flexibility to direct contributions among both types of 401(k) accounts as their current and future tax situation dictates. Additionally, for those GM employees who are ineligible for a Roth IRA, a Roth 401(k) provides an opportunity to build a tax-free retirement income source.

We applaud GM for taking advantage of this provision in the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). For any questions on this development in the GM 401(k) plan, feel free to call Mainstay Capital Management toll-free at 1‑866‑444‑6246 or send email to This email address is being protected from spambots. You need JavaScript enabled to view it..

Request a free copy of Mainstay Capital Management’s “GM and Delphi Roth 401(k) Investment Guide”

Roth 401(k)s - Frequently Asked Questions

Mainstay "In The News" On The GM and Delphi Roth 401(k)


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