UPS (United Parcel Service) offers its employees many benefits which include UPSers 401k Plan. UPSers 401k Plan is an effective and convenient way to save money for the future. It allows the employees to save and invest money over long-term for a safe and secure future. The certain amount is deducted from the salary of an employee who enrolls himself in UPSers 401k Plan. The amount deducted from the salary will be saved in the investment account of an employee. In this article, we have provided the complete information related to UPSers 401k Plan in detail.
UPSers 401k Savings Plan
As a part of retirement, UPS grants the UPSers 401k plan to its employees using UPS Teamster 401k Savings Plan. According to UPSers 401k Plan, a percentage of employee’s earnings will be set aside every month during the pay period. After retiring the employee can request the amount that they have saved or invested till the date. Employees can check the updates or news related to UPSers 401k Plan using their UPSers account.
UPSers Login will require a User ID and a Password. The employee should log in to their account using the User ID (which is nothing but their Employee ID number) and Password created by them. After logging into the account, the employee can check the news or updates related to UPSers 401k Plan. In case, if the employee has forgotten his/her password then they can recover or reset the password using the option called ‘Forgot your Password’ which is located below the Password field.
After successively logging into the account, the employee needs to click on the option called “Plan News and Updates” which will be available on the right side of the page. After clicking on that option you will be provided with two more options. One is “Contribution Limits” and another one is “Access to Investment Support.” Also, check UPSers benefit programs for the employees.
UPSers 401k Plan – Contribution Limits
When the employees click on contribution limits they will be able to view the information about their 401k Plan. The 401k plan permits the employees to contribute the particular amount of their income and IRS (International Revenue Service) will set the maximum contribution limit every coming year. The IRS has set the 18,000 dollars as contribution limit for the year 2017. It is important to note that contribution limit for the year 2017 of the Roth or the annual pre-tax is 18,000 dollars. Employees can also give 6000 dollars if you are of fifty years old or above with a total amount of 24,000 dollars in the year of 2017. Employees must note that the combination of your annual pre-tax and Roth 401k contributions must not exceed the annual maximum dollar limit set by the IRS.
UPSers 401k Plan – Access to Investment Support
If the employee has enrolled in UPSers 401k Plan then they will get access to investment and savings support which will be provided by Voya retirements. The investment and savings support will be provided by the available advisors such as professional management and online advice of Voya retirements. Employees can easily login to their account for accessing the information or they can also make a call to 1-800-541-6154. By just going online or calling on this number the employees can speak with VRA available investment advisor for the concerned problem.