Effective January 1, 2016 the FCA US LLC Hourly Employees’ Deferred Pay Plan (the HDPP) will be renamed to the FCA US LLC UAW Savings Plan (the “UAW Savings Plan”) in recognition that it now includes all UAW members. Unlike the HDPP, the UAW Savings Plan has an added feature that allows contributions on an after-tax basis. The UAW Savings Plan also has additional enhancements related to hardship withdrawals, bonus deferrals into the Roth, loan provisions, and company defined contributions.
If you have questions about these changes or how they will impact your retirement plan, contact Mainstay Capital Management toll-free at 1‑866‑444‑6246.