Inteva Products

Inteva Products has announced changes that will impact certain mutual fund investment options in the Inteva Products, LLC Salaried Employees’ Savings and Retirement Plan ("the Plan").

Three of the mutual funds currently offered in Plan will close and balances in these funds will be automatically directed to a new investment option unless participants elect otherwise. These changes impacting the Plan will take effect on February 1, 2016.

To discuss these important changes to the Inteva 401(k) plan line-up and how to allocate your portfolio accordingly, do not hesitate to contact Mainstay toll-free at 1-866-444-6246.

Effective January 1, 2016, Inteva Products is making a change to the savings plan match for salaried employees. Inteva will continue to match 50% of Pre-Tax contributions up to 5% of base pay, excluding Catch-up contributions, but will now also match Roth contributions. Mainstay recommends that all Inteva salaried employees are contributing at least 5% (any combination of Pre-Tax and Roth) in order to take advantage of the company match.

Inteva Products has announced changes that will impact certain mutual fund investment options in the Inteva Products, LLC Salaried Employees’ Savings and Retirement Plan ("the Plan").

The pending changes will include closing several of the mutual funds currently offered in Plan, as well as offering several new options. All changes impacting the Plan will take effect on April 1, 2014.

To discuss these important changes to the Inteva 401(k) plan and how to allocate your portfolio in light of the new investment menu, do not hesitate to contact Mainstay toll-free at 1-866-444-6246.

Effective January 1, 2011, Principal Financial Group will replace Fidelity as the administrator for the Inteva Products Savings and Retirement Plans for Salaried and Hourly Employees. With Principal Financial Group, Inteva Products employees will continue to have online access to their account and plan provisions such as eligibility, waiting periods, and benefit structure will not change. As with any plan transfer there will be a short “black out period” where employees will not have access to accounts and some fund changes are to be expected. Employees will be made aware of the timing of the “black out period” and any fund changes prior to the transfer.

Beginning January 1, 2011, Inteva Products will reinstate the savings plan match for employees with at least six months of service. Inteva will match 50% of Before-Tax Contributions up to 5% of base pay, excluding Catch Up Contributions. Mainstay recommends that all Inteva salaried employees are contributing at least 5% in order to take advantage of the company match.

With the transition from Delphi to Inteva Products, employees have various options for the disposition of assets in their Delphi 401(k) account. The available options are:

• Roll-over your account balance into the Inteva Products Savings Plan
• Roll-over your account balance into an IRA
• Leave your account balance in the Delphi 401(k)

Important - Any Delphi 401(k) assets rolled into the Inteva plan will be locked in that plan, and you will not be able to roll these assets to an IRA until age 59 1/2 or separation of service from Inteva.

Please contact us to discuss these very important 401(k) plan decisions and any retirement planning questions by calling toll-free 1-866-444-6246.