Ford Motor Company is providing an additional savings option to SSIP and TESPHE 401(k) plan participants. This option will provide all eligible salaried and hourly employees the ability to contribute to a Roth savings feature within their 401(k) plan.
The Roth feature within a 401(k) plan allows employees the flexibility to “tax diversify” their income sources for retirement by directing savings among designated Roth, traditional pre-tax, and/or after-tax contributions. Additionally, for those Ford employees who are ineligible for a Roth IRA, the Roth feature provides an opportunity to build a tax-free retirement income source.
For questions on this new Roth feature within the Ford 401(k) plan, feel free to call Mainstay Capital Management toll-free at 1‑866‑444‑6246.
Request a free copy of Mainstay Capital Management’s “Roth 401(k) Investment Guide”