Ford Motor Company and Hueler Help Employees Receive a Paycheck for Life
Ford Motor Company employees and 401(k) participants in the U.S. now have the option to convert a portion of their Ford 401(k) into a lifetime annuity through Hueler’s Income Solutions® platform, providing greater flexibility and portability in their retirement planning.
Launched in January, this new option reflects Ford and Hueler’s commitment to helping Ford hourly and salaried employees support their families today and in retirement.
Through Hueler’s Income Solutions® platform, Ford 401(k) participants can compare annuity quotes from multiple insurance providers, model lifetime income payments in real-time, and personalize features to fit their needs. The process is designed to help employees make informed decisions and create greater income security in retirement.
An annuity is a long-term contract between an individual and an insurance company. In exchange for part of the individual’s retirement savings, the insurance company provides monthly payments that are guaranteed for life or for a set number of years, creating a steady, predictable income stream. Annuities can also be structured to provide continued income to a survivor, like a spouse or partner.
