Visteon has announced the reinstatement of the company match in the Visteon Investment Plan (VIP). Effective April 1, 2011, Visteon will match 25% of employee contributions up to 6% of base pay. For employees that elect to contribute at least 6%, this will equate to a 1.5% company match contribution each payroll cycle.
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.