Ford Motor Company announced an increase in the company match for the Savings and Stock Investment Plan (SSIP) effective July 1, 2013. 3 On the Enter Your Password screen, enter your temporary . Clear.Investmentsis our online advisory services that provides individualized advice on creating a holistic investment plan across all of your accounts and opportunities. Salary and incentive distribution for each month. Also IF you are laid off you CAN NOT take out a loan!! Schedule maintenance. June 6, 2019 9:57 AM. Call us at 810-953-5512 or toll-free at 866-444-6246. you need the packet, which you already have, go to your ford dealer and get an estimate for a new vehicle. For questions on this new Roth feature within the Ford 401(k) plan, feel free to call Mainstay Capital Management toll-free at 18664446246. TESPHE Jul . I have been with Intuit for three tax seasons. In addition, on or about April 24, 2015 the Parnassus Small Cap Fund (PARSX) will be merged with the Parnassus Mid Cap Fund (PARMX). This result falls beyond the top 1M of websites and identifies a large and not optimized web page that may take ages to load. A non-deductible IRA conversion strategy . Find, reserve and pay for parking ahead of time. Ratings and reviews are provided by customers who have either purchased a vehicle or visited a dealership for service. To create a new password, click the Reset Password option. To begin, navigate to the MyFordBenefits official login page at www.myfordbenefits.com. 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***. Ford is offering a Special Incentive Program (SIP) to certain Ford salary employees. 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). Eligible Child Benefits Application (OQMC), Fatal accident and administrative offenses insurance. Be careful taking a loan from Tesphe.The cost is very highFirst you pay like 8% to your self into your accountthis is with after tax money.Then you will pay tax on the money again when you take it out at retirement.this could add up to like 60% interest on something that was originally tax free except at withdrawal 8+26+26. There is a section where you can get a loan and you can do it all on line. The faster CSS files can load, the earlier a page can be rendered. Hey sinkinfast not ALL hourly should fund roth's first. In the first empty field, enter the last name. 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. Please take note of the following references to Ford perks that the firm makes available to its workers via this web portal. A deduction for your own IRA contributions . We specialize in taking a holistic view of your investment and financial plan. The decision to accept a separation program requires careful analysis and planning on the part of each employee. How will changes in life affect next years refund? Can you close your Tespee account and get your money out? Page size can be reduced by 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. Unlock and start your vehicle if equipped with optional SYNC Connect***. Additionally, for those Ford employees who are ineligible for a Roth IRA due to income limitations, a Roth 401(k) provides an opportunity to build a tax-free retirement income source. No. Effective May 1, 2014, the ING Clarion Global Real Estate Securities Fund will change its name to Voya Clarion Global Real Estate Securities Fund. Myfordbenefits images are well optimized though. Call Mainstay Capital Management toll-free at 1-866-444-6246 to discuss your personal situation with a Retirement Planning Specialist. 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. Select Confirm Options when you are ready to submit your option. Brokerage services provided by TD Ameritrade Institutional, Division of TD Ameritrade, Inc., member FINRA/SIPC. 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. 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. For example, adding the following code snippet into HTML tag will help to represent this web page correctly in social networks. All changes are effective January 2, 2015. Employer Verified. For retirees who enrol in MyFordBenefits, follow the guidelines below: If you are a new user, simply follow the instructions above and the procedure for new users will be displayed at www.myfordbenefits.com. I can't find anything about closing the Tephee and getting your money back or stopping your payroll deductions. Ford provides its employees with a number of benefits, some of which are described here. Automatic Contribution Arrangement. The New Car Buying Program (AXZ Plans) provides the highest savings on new Ford Motor Company vehicles for workers, retirees, and their immediate families. You need the same PIN to get in touch with NESC and to access www.myfordbenefits.com. A Roth IRA . Are reviews modified or monitored before being published? You are now prepared to establish a connection. If you are considering the pension lump sum offer, review MainstaysPension Lump Sum Buyout Programsummary. Bond Fund (HABDX), PIMCO Low Duration Fund (PLDDX), and Neuberger Berman Mid Cap Intrinsic Value (NBRVX) are closed to new investors. We didn't consider the TESPE loan because we didn't know what to expect from the transfer from the St. Louis plant to KCMO plant & we where not willing to use all of our savings. CSS files minification is very important to reduce a web page rendering time. Not sure. These are opportunities to improve the legibility of your content. You may utilize the web portal to get all the benefits/information/details of your Ford service provided on this site called MyFordBenefits. It is highly recommended that all JavaScript files should be compressed and minified as it can save up to 40.9 kB or 76% of the original size. This result falls beyond the top 1M of websites and identifies a large and not optimized web page that may take ages to load. Effective November 14, 2014, the fund will be closed to new investments and current allocations will transfer to an existing fund in the plan. 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. Hourly Employees. Ford Motor Company employs 213,000 workers worldwide across 90 plants. Message and data rates may apply. For salaried employees, Ford will continue to match $.80 on the dollar up to 5% of base salary as long as you maintain your payroll contributions throughout the year. Oh yeah but I'm sure you both that responded so smartly are a bunch of rich folk NOT!! Lwoodbluz, October 29, 2007 in Ford Employee Forum. this is my first post so be kind to me. addyf4435737d08476d2ad5ab1627c522999 = addyf4435737d08476d2ad5ab1627c522999 + 'mainstaycapital' + '.' + 'com?subject=Ford 401(k) Question'; Hourly Employees. So lesson is DON'T touch the TESPHE until your retire if at all possible. Finally, click the Submit button and follow the on-screen instructions to reset your password. There are two programs under which an employee may be eligible. To finish your account registration, click the Next button and follow the on-screen instructions. go to www.401K.com and follow directions to set up your account. Ktp1989 Professional . It is a 401-K plan for hourly employees of Ford Motor Company. There is a new website for SSIP and TESPHE participants to view and make changes to their plan effective January 5, 2010. 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. Ford Motor Company 401K Plan. Local 862 Benefits Representative. Then, in the MM-YYYY format, pick the maintenance date. The money can even be directly deposited directly into your checking account if you want. 2016 CLEAR FINANCIAL ADVISORS, LLC | Legal, Ford Motor Company 401(k) Investment Guide and Free Model Portfolios, Tax-Efficient Savings Plan for Hourly Employees 401(k), Guide to Managing Your Ford MotorSSIP / TESPHE / FRP 401(k) Plan. I don't know if this fund qualifies as "company stock". help you make the most of your Ford benefits. Of course you do. Ask Benefits questions via real-time Chat feature (select Click to Chat under Chat Online! Clients should consult with their personal tax advisors regarding the tax consequences of investing. Employees (full-time, part-time, and contract), retired individuals, and related businesses (suppliers, fleets, etc. Employee responsibilities are stated as daily informational/details informational/details informational/details informational/details informational/details. But boy was I PO'ed that this information was not up front on the website, but still would have had to do it. In addition, Ford Retirement Plan (FRP) participants upon termination of employment will have the option to take partial withdrawals or commence installment payments from the FRP. Each new group will have a 90 day election period in which to make their decision. On the following page, input your Social Security Numbers (SSN) last four digits and your date of birth. TheFord Order Tracking System Is No Longer Available. The browser has sent 7 CSS, Javascripts, AJAX and image requests in order to completely render the main page of Myfordbenefits. 2 On the next screen, enter the last four digits of your Social Security Number and your birth date. The most efficient way is to compress content using GZIP which reduces data amount travelling through the network between server and browser. 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. Use tab to navigate through the menu items. 401K/TESPHE account; Shift Premiums paid for some shifts; Holiday Pay eligible after 90 working days; . This email address is being protected from spambots. Its better to minify JavaScript in order to improve website performance. 62. Ford Offers Vacation and Training Periods. These are opportunities to improve keyboard navigation in your application. HTML content can be minified and compressed by a websites server. _}K-,F-3uqVcmB'_xvd]5N=%xmqqnQ(\%c&\EyMa}nhB|w z~ g!>Ox'tEYKem|XZ^Bp*A\R'(;hZrZtG Ja~. document.getElementById('cloakf4435737d08476d2ad5ab1627c522999').innerHTML = ''; You must make your choices within 31 days after the date of your retirement. We want to make sure you have the best online experience possible. I say NEVER borrow money to start a business. These changes will be effective as of the close of business on July 1, 2011. I hope that all Ford workers and retirees will read this post to have a better knowledge of MyFordBenefits. Language claimed in HTML meta tag should match the language actually used on the web page. What does TESPHE abbreviation stand for? . View documents, forms and helpful links while researching your health benefits plan. 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. 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. Ford Motor Company has announced the transition of a new benefits administrator from ACS to Alight Solutions, along with the unveiling of a new health and retirement benefits website. Please contact us to discuss this important topic with one of our Certified Financial Planners before the deadline in two weeks. If you already have your ID and PIN, you may proceed to step 2 and click Connect. Make sure your pages are mobile friendly so users dont have to pinch or zoom in order to read the content pages. 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. It's easy! \you get penalized for taking your money out EVEN for a hardship. Most common TESPHE abbreviation full forms updated in January 2023 . Visit ourIn The Newssection to review recent articles discussing pension lump sum payments or call Mainstay toll-free at18664446246to discuss your personal situation. The following are the 2020 medical plan options: Both health insurance plans provide access to any doctor in the Blue Cross Blue Shield of Michigan network. Contact your local Ford, Lincoln or Mercury dealer for details and a copy of the limited warranty. You can also WIN big time. var addyf4435737d08476d2ad5ab1627c522999 = 'Mainstay' + '@'; MyFordBenefits.com is a Ford Motor Company retirement program. Past performance is not indicative of future results. Are my investments allocated appropriately for this important life event? Contact Mainstay toll-free at 18664446246 to discuss the impact these changes may have on your portfolio. Contact the UAW Local 387 WebMaster for any questions, concerns or comments. **, At Ford we aim to keep you moving freely. The FordPassTM App** takes what you used to do with multiple apps and does it in one. When making your deposit please use the following details: Beneficiary Name: FCE Bank plc. Only then will you be able to access the official Ford Motor Company employee portal. . Images take 242.7 kB which makes up the majority of the site volume. A-X-Z Plans: 1-800-348-7709. The companys annual vacation schedule is changed. If you currently hold the Parnassus Small Cap Fund, your account will automatically reflect this non-taxable transaction to the Parnassus Mid Cap Fund. I am a CPA in Wisconsin. To profit from all the advantages of this portal, it is required to register on the official portal. Click the Hourly Employee Pages link on the United States Employees page. The rollout of the lump sum offers will continue into 2013. You can log onto the AXZ site using your MyFordBenefits login credentials. Select Search and connect from the main page. TheFord Order Tracking System Is No Longer Available. Used with permission. As a result, all pre-Medicare eligible retirees will have two additional health insurance alternatives beginning January 1, 2020. It is at that point you should fund your Roth IRA instead of 401. You need JavaScript enabled to view it. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. Put your username and password in the appropriate fields. The MyFordBenefits AXZ plan provides Ford Motor Company workers and retirees with four unique identification numbers (PINs) that they may use or share with family members to obtain discounted car purchases. send it to fidelity and it will be approved. From there you can model different loans or withdrawls an read instructions on what qualifies. Each employee has a unique user identification number that is available for life on the MyFordBenefits portal. With FordPassTM you can you can manage both your Ford Credit account and vehicle in one smart app: Pay your Ford Credit statement and view payment history. Check this page for future updates to the SSIP and TESPHE plans, as well as news that affects Ford employees and retirees. If you are already a registered user on the MYPLAN, MYFORD or OWNER CONNECTION web sites, input your user name and password to proceed. Ford Motor Company has announced changes that will impact the Savings and Stock Investment Plan (SSIP) for salaried employees and the Tax-Efficient Savings Plan for Hourly Employees (TESPHE). Blue Oval Forumsis not affiliated with, sponsored, endorsed, licensed or approved by Ford Motor Company. 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. The Ford Motor Company provides considerable discounts and other incentives to all current and retired Ford workers and retirees when they purchase Ford automobiles. Visit www.myfordbenefits.com for more information. Ford, Plan, Tax . You can also contact us toll-free at18664446246to discuss your pension payment options and how each may impact your individual situation. Open Graph description is not detected on the main page of Myfordbenefits. Ford Motor Company announced an increase in the company match for the Savings and Stock Investment Plan (SSIP) effective July 1, 2012. ***SYNC Connect, an optional feature on select 2017-2018 model year vehicles, is required for certain features. Mainstay Capital Management is a fee-only, independent investment advisor that currently provides portfolio management and retirement planning services as well as counsels hundreds of Ford employees on buyout offers. More Here. My reason for wanting the withdrawl was start up cost on a business and this doesn't fall in their . NOTE: This booklet (Volume III) is presented to you so that you may know the terms of certain benefit plans and programs negotiated between the Company and the UAW November 5, 2015. TESPHE stands forTax-Efficient Savings Plan For However, the new funds are collective trusts, not mutual funds. If you log onto www.fidelityinvestments.com you can create an account using your social security number and your hire in date as a pin. Mainstay has brought this issue to the attention of the Ford Compensation and Benefits Office and is working with them towards a resolution. I was simply explaining to some folk that taxes are not the only penalty they will incure as I'm sure this is a detail MOST people DO NOT KNOW. In fact, the total size of Myfordbenefits.com main page is 456.8 kB. Most importantly it will completely eliminate "PBGC risk" - the risk that monthly pension payments are someday reduced by the Pension Benefit Guaranty Corporation. Jim Fisher. After checking in for the first time, change your username and PIN. Consider it a blessing that you could not access your money at this point. Are there only certain reasons you can withdraw your money? So get off your high horse. Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. 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). Ford is a Fortune 500 company, and as such, it welcomes users from all nations. This will modify your future Ford login password. Like I said, everyone's situation is different and you had a plant transfer in there to deal with as well which is most definitely NOT normal! 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. How to connect to your Ford benefits The first time you go to myfordbenefits.com: 1 Click New User? By Blue Oval Forumsis not affiliated with, sponsored, endorsed, licensed or approved by Ford Motor Company. As indicated in the image, the INSIDE FORD menu will appear in the top left corner of the websites home page. To get or see in full the many sorts of insurance information available to all Ford workers, Ford Motor Company management built an online site called MyFordBenefits. Click here for additional important terms and conditions. Beginning at 9:00 a.m., representatives will be on hand. Each Ford Motor Company employee and retiree is assigned four unique personal identification numbers (PINs) that they may use or gift to family members to purchase Ford automobiles under the AXZ plan. 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. We will continue to make necessary improvements to ensure that our retirees receive competitive pricing. Your registration has now been completed. This houses occupants (a permit is required to obtain a residence permit). Important contacts for retirees: Ford-UAW Retirement Board: 1-800-829 . Ford has announced upcoming investment option changes for the SSIP and TESPHE 401(k) plans that will take effect this spring. You contribute to this account with your own money. How will the SIP offer impact my retirement decision? I did that and got the packet today, and it looks like you can only get your money on a hardship withdrawl which has a list of only certain things you can take the money out for, and the reason I'm taking it out isn't one on their list. Ford's internal employee performance platform is called "MyFordBenefits." Regular use of this site by all staff members is essential for everyone's professional development and immediate financial gain. Click here if you do not have a username or if you have forgotten your username / CDS ID and/or password. If you have questions on how this new Roth 401(k) option may be best utilized in your personal situation, feel free to contact us toll-free at 18664446246. Contact Mainstay toll-free at 18664446246 to discuss the impact these changes may have on your portfolio. threatening to harm employees or others), Lack of adequate text (e.g., symbols, emojis and random letters), Reviews on the product and not the customers Sales or Service experience, Ford Credit onlineAccount Manageris the easiest way to pay your bill, keep tabs on your account and chat with us if you have questions. Account Manager gives you the ability to:, To register for online access you will need your account number, which is provided with the first billing statement. This benefited them in a number of ways. It operates manufacturing facilities throughout the United States of America, Canada, Europe, India, the United Kingdom, Russia, Turkey, Australia, Argentina, China, and Mexico. To access the Ford Account Management Website, input a new password in the Password area and confirm it in the Confirm password field. Link to provide websites to search for healthcare providers, hospitals, and labs that participate in your plan. There are two programs offered, the Special Retirement Incentive (SRI) and the Special Termination of Employment Program (STEP). To begin, navigate to www.wslb2b.ford.com/default.cgi. Ford Credit is always here to help. Once youve obtained your ID and PIN, simply click Connect to begin. Participation is limited to those invited by Ford Motor Company and confirmed in advance. 50% of websites need less resources to load. To learn more about My Ford Benefits, please visit www.myfordbenefits.com. Especially now with everyone's future so up in the air! By accessing this system, I acknowledge that it contains information that is Confidentialand Proprietary to Ford, its affiliates, dealers, and suppliers, and that I am responsible for maintaining the securityand confidentiality of the information and shall use it only for purposes authorized by Ford.