Ford AICP & Profit Sharing Payout – February 2013

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 11^th through February 19^th.

All eligible participants were provided the option to receive the payment as cash, contribute all or a portion of the payment to the SSIP or TESPHE (deferring all federal income tax withholding), or contribute all or a portion of the payment to a Ford Interest Advantage account.

If no election is made for the AICP or Profit Sharing payout, you will receive your entire payment in cash, incurring a mandatory 25% Federal income tax withholding.

Any amount of the AICP payout or Profit Sharing payout that is elected for deferral to the SSIP or TESPHE will be combined with your pre-tax contributions that are contributed to the plan throughout the year, including those contributions you have already made this year. Keep in mind, the IRS limit for pre-tax contributions can not exceed $17,500 for 2013 (or $23,000 if age 50 or older). There is a total contribution limit, which includes your contributions and company match (where applicable), of $51,000 (or $56,500 if age 50 or older) for 2013.

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. The company match will continue on a pre-tax basis without affecting the pre-tax threshold.

Do not hesitate to contact us toll-free at 1‑866‑444‑6246 if you would like to discuss your AICP or Profit Sharing election options.