I won't be taking a loan, and I stopped my payroll deductions, I will not put another penny where I can't get it when I need it. To proceed, click the New User option on the home page. We can provide a comprehensive Retirement Income Analysis, help evaluate "what-if" scenarios, and assist in making informed decisions concerning any buyout offer. Mainstay does not render personalized investment advice or services or effect, or attempt to effect any securities transactions, on this website. Newsflash: Tesphe was NOT SET UP TO BE A S&L. Which distribution method for pension benefits is best suited for my personal situation. Select Confirm Options when you are ready to submit your option. All changes are effective January 2, 2015. it is my understanding that our health insurance is funded by ford. Clients should consult with their personal tax advisors regarding the tax consequences of investing. Ford Motor Company Employee Discussion Forum. Life Insurance-Unicare: 1-800-843-8184. Ford Motor Company 401K Plan. What should I do with the assets in my 401(k)? How will the SRI or STEP impact my retirement plan? All hourly people should be taking advatage and maxing out Roth IRA's prior to investing in TESPHE. If this is your first time to any of the Ford web sites listed above, click here . They let you know how much you can get. Especially now with everyone's future so up in the air! Ford, Plan, Tax . Ford Motor Company has announced a transition from HealthEquity to a new Health Savings Account (HSA) provider, Smart-Choice. Our service has detected that English is used on the page, and neither this language nor any other was claimed in or tags. Ford is largely known for producing luxury automobiles, sport utility vehicles, trucks, tractors, buses, and sports cars. It all depends on the household's income. Bond Fund (HABDX), PIMCO Low Duration Fund (PLDDX), and Neuberger Berman Mid Cap Intrinsic Value (NBRVX) are closed to new investors. To begin, navigate to the MyFordBenefits official login page at www.myfordbenefits.com. If no election is made for the AICP or Profit Sharing payout, you will receive your entire payment in cash, incurring a mandatory 25% Federal income tax withholding. And the real KICKER is (and it is not on the website) you find this out when you call to confirm the withdraw, is that you get penalized for taking your money out EVEN for a hardship. Only then will you be able to access the official Ford Motor Company employee portal. Understanding Your Credit Score and Credit Report, Change your due date (see our how-to video below), See how much is owed ("payoff") on your account, Pay your Ford Credit statement and view payment history, Find, reserve and pay for parking ahead of time, Unlock and start your vehicle if equipped with optional SYNCConnect***. It is important to analyze this new investment menu, prior to the transferring of assets out of current investment options, to determine appropriate changes for your SSIP or TESPHE account. Please contact us to discuss this important topic with one of our Certified Financial Planners before the deadline in two weeks. \you get penalized for taking your money out EVEN for a hardship. Due to various state regulations and filing requirements, Mainstay and its representatives may only provide investment advisory services in those states in which it is first appropriately registered or otherwise exempt or excluded from registration requirements. Account balances and new monies invested (contributions/loan repayments) in the options being removed from the plans will be transferred either to other existing investment options or to the new investment options. I think it's something like half of what's in there. By Ford is the worlds fifth largest carmaker. Below you will find articles of interest as well as news and updates to Ford employee and retiree benefits. In the first empty field, enter the last name. Ford Motor Company will introduce a Roth option to the 401(k) plan next year. Just for everyone's info, I called today, you can only get your money out of Tesphe if you've retired, quit Ford are 59 1/2 or Hardship Withdrawl, the withdrawl can only be taken out for medical, death in family, home loan or improvement, school. var addyf4435737d08476d2ad5ab1627c522999 = 'Mainstay' + '@'; Fatal accident and administrative offenses insurance. Please carefully read the instructions and complete each step to gain access to your account. 2.5L Hybrid FWD/CVT. Clear Financial Advisorsis anindependent financial and investment advisor. It will also provide employees with the ability to tax diversify their income sources for retirement. Ford is offering a Special Incentive Program (SIP) to certain Ford salary employees. The rollout of the lump sum offers will continue into 2013. Ford Motor Company has announced a transition from HealthEquity to a new Health Savings Account (HSA) provider, Smart-Choice. Clear Financial Advisors uses independent firmssuch as Betterment, TIAA, and TD Ameritrade, Inc. to custodyclient assets. ACA. The browser has sent 7 CSS, Javascripts, AJAX and image requests in order to completely render the main page of Myfordbenefits. However, the new funds are collective trusts, not mutual funds. Ford Motor Company will drop one of the bond funds currently available to participants in the Savings and Stock investment Plan (SSIP) for salaried employees and the Tax-Efficient Savings Plan for Hourly Employees (TESPHE). There are two programs offered, the Special Retirement Incentive (SRI) and the Special Termination of Employment Program (STEP). this is my first post so be kind to me. Images take 242.7 kB which makes up the majority of the site volume. Questions about your account or looking for other ways to make a payment? Ford provides its employees with a number of benefits, some of which are described here. Jul 5, 2018. Ford workers may now access their perks online. Ford Stock Fund - The Ford Stock Fund is a unitized account that is comprised primarily of Ford Motor Company common stock, except a small portion of the fund is invested in a short-term interest fund to provide liquidity for daily activity. For complementary access to our online Guide to Managing Your Ford Motor SSIP / TESPHE / FRP 401 (k) Plan as well as our current Growth Model Portfolios for your SSIP or TESPHE 401 (k) account, please simply sign-up for our mailing list with the Ford Motor box checked. 11-K 1 tesphe11k123104.htm FMC 11K TESPHE 12/31/2004 SECURITIES AND EXCHANGE COMMISSION . Not sure. You can cancel contributions or take a loan. You may utilize the web portal to get all the benefits/information/details of your Ford service provided on this site called MyFordBenefits. you need the packet, which you already have, go to your ford dealer and get an estimate for a new vehicle. Like I said I didn't expect the NO CONTRIBUTIONS for a year part (and when we found out it didn't leave us much time for other options) besides have you seen the ridiculously high interest rates with a second mortgage. The diagram shows the current total size of all JavaScript files against the prospective JavaScript size after its minification and compression. Then input your login credentials and the following information. Hourly Employees. one that will cover however much money you need to take out "net." The decision to accept any separation program requires careful analysis and planning on the part of each employee. Mainstay Capital Management, LLCwas selected as the winner of the Trailblazer IMPACTTM Award. The current match of $.60 per dollar of employee contribution up to 5% of the employees eligible base salary will increase to $.80 per dollar of employee contribution up to 5% of the employees eligible base salary. Just for everyone's info, I called today, you can only get your money out of Tesphe if you've retired, quit Ford are 59 1/2 or Hardship Withdrawl, the withdrawl can only be taken out for medical, death in family, home loan or improvement, school. So get off your high horse. Important phone numbers for active and retired workers: National Employee Support Center (NESC): 1-800-248-4444. below the Log On button. More Here. Follow us on our Members Only Facebook page, President Tony Pascarella Vice President Jerry Thomas Recording Secretary Traci Gray Financial Secretary Mark Perrlich, Stamping Unit Chairman Kirk Yancey Forging Unit Chairman Chad Kellums, Health & Welfare - Planning Tools-Compare Plans/ Calculate Costs. Did we make the right decision, probably not but it worked out for the best and we have used the money from the last year buy making our money market larger for god only knows what. This may enhance the experience for users of assistive technology, like a screen reader. Detailed, easy-to-read quarterly statements showing your account asset . Clear.Investmentsis our online advisory services that provides individualized advice on creating a holistic investment plan across all of your accounts and opportunities. The Ford Motor Company respects its employees as family and offers a variety of insurance options. Can you close your Tespee account and get your money out? Betterment, TIAA, TD Ameritrade, Clear Financial Advisorsand the other entities named are separate and unaffiliated firms. People who expect to live on credit cards during hard times really pay for it down the road so we had spent the last couple of years liquidating large toys we didn't need. These are opportunities to improve the legibility of your content. To access the Ford Account Management Website, input a new password in the Password area and confirm it in the Confirm password field. To contact NESC and log in to www.myfordbenefits.com, you must use the same PIN code. We wanted to make you aware of several key points involving the transition and offer our assistance: We are offering our assistance during this transition. If you need help finding the right part for your vehicle; if you've encountered any difficulties using our website, or have any suggestions for improvement give us a call at 844-589-0060, Monday - Friday 8:30 a.m. to 5:30 p.m. EST. To discuss the investment line-up change or how this change may impact your investment allocation, contact us toll-free at 1-866-444-6246. Submit your inquiries and await replies from other workers, United States: Ford Motor Company, Customer Relations Center, PO Box 6248, Dearborn, MI 48126. Posts: 1,000,086. Ford Motor Company, generally referred to as Ford, is an American multinational vehicle manufacturer founded in 1903 by Henry Ford. Mainstay Capital Management, LLC is an investment advisor registered with the Securities and Exchange Commission. Ford Motor Company is changing the names and/or fees in two of the Vanguard funds available in the Ford Retirement Plan (FRP), Savings and Stock Investment Plan (SSIP), and the Tax-Efficient Savings Plan for Hourly Employees (TESPHE). The new investment options will provide similar investment strategies and risks, but the overall expenses for the investment options will be lower. The most efficient way is to compress content using GZIP which reduces data amount travelling through the network between server and browser. These are opportunities to improve keyboard navigation in your application. Always log me in automatically. The investment lineup for the plans will undergo a significant overhaul. Now, establish a user ID for MyFordBenefits, a Ford Performance password, and a PIN for the National Employee Service Center. All balances in and investment elections to the current funds will be transferred to the new funds as of the close of business on September 27, 2016. The investment options that are currently available in these plans are not expected to change initially, but may change over time as part of the regular monitoring process. If you are unable to obtain the necessary information, please contact your sponsored Ford employee/retiree. Ford treats its employees like family and offers a variety of insurance options.
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