Visteon employees that are not currently contributing to the Visteon Investment Plan (VIP) will be automatically enrolled on January 1, 2012. These participants will be enrolled at a contribution rate of 3% of annual pay. Every January 1st thereafter, this automatic enrollment will take place for all eligible employees that are not contributing. In addition, for those VIP participants that are contributing but at a level less than 6%, Visteon will increase their contribution rate by 1% each January 1st until they reach the 6% level. This is to encourage all VIP participants to take full advantage of the company match. Participants will have the opportunity to opt out of both the automatic enrollment and the contribution increase each year.
Mainstay recommends all VIP participants contribute a minimum of 6% to maximize the company match. Call Mainstay Capital Management toll-free at 1-866-444-6246 to discuss these changes or your personal situation with one of our Certified Financial PlannersTM.