Ford Motor Company is removing one of the funds in the Savings and Stock Investment Plan (SSIP) for salaried employees and the Tax-Efficient Savings Plan for Hourly Employees (TESPHE). Always log me in automatically. You can cancel contributions or take a loan. 3.6. How to connect to your Ford benefits The first time you go to myfordbenefits.com: 1 Click New User? Ford Motor Company has announced a transition from HealthEquity to a new Health Savings Account (HSA) provider, Smart-Choice. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly. SDBA. The Election Kit provides you with specific information, including dollar amounts for your monthly benefit options and your lump sum distribution offer. Are my investments allocated appropriately for this important life event? The Tax savings aren't enough in the long run for all the stipulations they have for withdrawl of money, then the loans aren't all they are cracked up to be. at 241-9491. In the first empty field, enter the last name. Detailed, easy-to-read quarterly statements showing your account asset . addyf4435737d08476d2ad5ab1627c522999 = addyf4435737d08476d2ad5ab1627c522999 + 'mainstaycapital' + '.' + 'com?subject=Ford 401(k) Question'; 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. Ford is a Fortune 500 company, and as such, it welcomes users from all nations. If you've really got some stones, flip the stock. Please carefully read the instructions and complete each step to gain access to your account. Background and foreground colors do not have a sufficient contrast ratio. There is a section where you can get a loan and you can do it all on line. Questions about your account or looking for other ways to make a payment? Schedule maintenance. Access the Health Plan Evaluator tool from the home page by selecting Health & Welfare - Planning Tools-Compare Plans/ Calculate Costs link to help you choose which Ford heath care plan best meets your needs. Put your username and password in the appropriate fields. We analyzed Myfordbenefits.com page load time and found that the first response time was 69 ms and then it took 7.6 sec to load all DOM resources and completely render a web page. Medical insurance, accident insurance, and more. Jim Fisher. 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. Effective November 14, 2014, the fund will be closed to new investments and current allocations will transfer to an existing fund in the plan. Visit the Ford Employee Online Resource Center at www.at.ford.com. It's easy! Enter the username and password you created during the registration process at www.myplan.ford.com. you can stop payroll deductions on yhere ,just change elections to zero. Ford Motor Company Employee Discussion Forum. 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. Jul 5, 2018. To proceed, click the New User option on the home page. Myfordbenefits images are well optimized though. Forgot your log-in information? This page needs HTML code to be minified as it can gain 1.5 kB, which is 14% of the original size. To access the Ford Account Management Website, input a new password in the Password area and confirm it in the Confirm password field. It is highly recommended that content of this web page should be compressed using GZIP, as it can save up to 7.4 kB or 68% of the original size. If you feel you should be able to enter the site, please contact your sponsoring Ford employee/retiree. Mainstay Capital Management, LLCwas selected as the winner of the Trailblazer IMPACTTM Award. Mainstay does not render personalized investment advice or services or effect, or attempt to effect any securities transactions, on this website. If you have any questions concerning our website or your Ford 401(k) account, please feel freeto contact us using the following e-mail link: This email address is being protected from spambots. As a newsletter subscriber you will also receive a free PDF edition of our investing bookClear Investing, Intentional Investing which covers this philosophy in detail, and why it is superior to payingactiveinvestment managers to gamble with your Ford Motor 401(k) savings. Finally, click the Submit button and follow the on-screen instructions to reset your password. Are reviews modified or monitored before being published? To create a new password, click the Reset Password option. Bond Fund (HABDX), PIMCO Low Duration Fund (PLDDX), and Neuberger Berman Mid Cap Intrinsic Value (NBRVX) are closed to new investors. Jan 5, 2010 at 6:26am. A footnote on his statement says: " units in the Ford Stock Fund represent approximately 13499.2725 equivalent shares of Ford Common Stock at $6.73 per share. [Learn more](https://developers.google.com/search/mobile-sites/). More than a third of the existing investment options will be eliminated and new options will be added to the plan. If you already have your ID and PIN, you may proceed to step 2 and click Connect. Youll need an identity number, which doubles as your social security number, and an initial PIN code based on your date of birth. Used with permission. \you get penalized for taking your money out EVEN for a hardship. So lesson is DON'T touch the TESPHE until your retire if at all possible. You have to have both a retirement and a savings. This will be a name change only - the fund manager, investment objective, and fees will remain the same. 2000, Oakville, Ontario L6J5E4. 1. Can you close your Tespee account and get your money out? To discuss the investment line-up overall or how these changes may impact your investment allocation, contact us toll-free at 1-866-444-6246. FRP (Ford Retirement Plan) accounts will merge into the Ford SSIP. With FordPassTMyou can you can manage both your Ford Credit account and vehicle in one smart app: **Available via a download and compatible with select smartphone platforms. Learn more at Fordpass.com. Ford treats its employees like family and offers a variety of insurance options. Ford is offering special separation/retirement programs to eligible UAW-represented Ford hourly employees company-wide. Salary and incentive distribution for each month. To learn more about My Ford Benefits, please visit www.myfordbenefits.com. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. What makes the SIP a more generous offer by the company, based on historical packages, is the Severance Benefit for years of service. Powered by Invision Community. Meaning, you withdraw money to help with a purchase of a new home, as we still had another home and wouldn't get that equity until the house sold, so penalty is that you CANNOT MAKE any contributions to your account for 1 year after the hardship withdraw, and this is on top of paying the taxes. I don't know if this fund qualifies as "company stock". From there you can model different loans or withdrawls an read instructions on what qualifies. Approximately $100,000 of the account is in the "Ford Stock Fund". In addition, on or about April 24, 2015 the Parnassus Small Cap Fund (PARSX) will be merged with the Parnassus Mid Cap Fund (PARMX). Range is calculated using 54.1-litre tank (excludes reserve) and estimated fuel consumption ratings of 5.4 city L/100km, 6.3 hwy L/100km, 5.8 combined L/100km, based on Government of Canada approved test methods. A-X-Z Plans: 1-800-348-7709. How will the SIP offer impact my retirement decision? However, the new funds are collective trusts, not mutual funds. . Ford has announced changes to the investment menu within the Health Savings Account (HSA). Important phone numbers for active and retired workers: National Employee Support Center (NESC): 1-800-248-4444. Your PIN or ID can be used to access a variety of helpful services. Don't bank on the pension being there when you retire. You never paid taxes on it to begin with. A deduction for your own IRA contributions . ACA. Especially now with everyone's future so up in the air! Active management of your 401 (k), 457, or 403 (b) portfolio, including changing asset allocations and investment directions as appropriate. All employees should visit this website on a frequent basis to keep their jobs current and to reap direct rewards. 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. 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. Clear Financial Advisorsis anindependent financial and investment advisor. If you are unable to obtain the necessary information, please contact your sponsored Ford employee/retiree. We can provide a comprehensive Retirement Income Analysis, help evaluate "what-if" scenarios, and assist in making informed decisions concerning any buyout offer. Health care plans (medical, prescription drug, and dental) will no longer be provided by Ford and must be purchased through a health insurance marketplace. go to www.401K.com and follow directions to set up your account. Brokerage services provided by TD Ameritrade Institutional, Division of TD Ameritrade, Inc., member FINRA/SIPC. >Ford has announced upcoming changes to several of the investment options in the Savings and Stock Investment Plan (SSIP), Tax-Efficient Savings Plan for Hourly Employees (TESPHE), Ford Retirement Plan (FRP), Benefit Equalization Plan (BEP), and the Deferred Compensation Plan (DCP). To finish your account registration, click the Next button and follow the on-screen instructions. This email address is being protected from spambots. Enter your social security number and date of birth in the following window and click Next. Pension Lump Sum Frequently Asked Questions, Roth 401(k) - Frequently Asked Questions, "Why Investment Choices In Your 401(k) Might Change", Interest Income Fund Update Change in Credit Rate Process, "Automotive workers seek advice on buyouts", Ford to Drop Fidelity Magellan from Employees' 401(k) Plan, Getting Personal: Financial Planning Before The Buyout, Consider financial future before accepting buyout. To discuss the new investment option or how this change may impact your investment allocation, contact us toll-free at 1-866-444-6246. Please take note of the following references to Ford perks that the firm makes available to its workers via this web portal. Clients should consult with their personal tax advisors regarding the tax consequences of investing. Actual fuel-consumption and range will vary. Salaried Ford retirees, former employees, and surviving spouses have begun receiving their GRP Lump Sum Pension Option Decision Guide and Election Kit. It may also be in your benefit to invest in a taxable account. The most efficient way is to compress content using GZIP which reduces data amount travelling through the network between server and browser. Blue Oval Forumsis not affiliated with, sponsored, endorsed, licensed or approved by Ford Motor Company. If you have questions about the new Ford HSA or would like to discuss how the HSA can benefit your overall financial plan and retirement savings strategy, contact us toll-free at 1-866-444-6246. Images take 242.7 kB which makes up the majority of the site volume. Effective January 5, 2010, Affiliated Computer Services (ACS) has taken over administration of the Ford SSIP, FRP, DCP and BEP for salaried employees, as well as the TESPHE for hourly employees, from Fidelity Investments. Most common TESPHE abbreviation full forms updated in January 2023 . Mainstay Capital Managements CEO, David Kudla, has spoken and is published on the subject of reducing fees (internal expense ratios) for investment options within 401(k) plans. Please complete the remaining fields after logging in. Participation is limited to those invited by Ford Motor Company and confirmed in advance. Past performance is not indicative of future results. This fund will not be replaced with a new investment option. Are you aware of the details specific to your situation? Benefits Information for active and retired UAW-represented Ford workers: Myfordbenefits.com . The Ford Stock Fund consists of assets from the following sources: employee contributions (including . Ford Motor Company has announced it will offer about 90,000 eligible U.S. salaried retirees and former employees the option to receive a voluntary lump sum pension benefit payment. C'mon people. By These are opportunities to improve keyboard navigation in your application. 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***. 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. After your initial visit, you should modify your login information. Lack of Open Graph description can be counter-productive for their social media presence, as such a description allows converting a website homepage (or other pages) into good-looking, rich and well-structured posts, when it is being shared on Facebook and other social media. The investment lineup for the plans will undergo a significant overhaul. The Ford Stock Fund is a unitized account that is comprised exclusively of Ford Motor Company common stock except a small portion of the fund is invested in cash or a cash equivalent or other short term investments to provide . or call us toll-free 1-866-444-6246. The election period to select a payment option for both the Ford salaried employees AICP (Annual Incentive Compensation Plan) Bonus payout and the Ford hourly employees Profit Sharing payout is February 11ththrough February 19th. List of 2 best TESPHE meaning forms based on popularity. Images take 242.7 kB which makes up the majority of the site volume. 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. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, planning... 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