UPS Enrollment

PRE-TAX

ROTH 401(k)

REGULAR AFTER-TAX

CONTRIBUTION TAX TREATMENT

Contributions reduce taxable income dollar-for- dollar, which may lower the taxes you pay today

No current tax savings; contributions are taxed when made before being sent to the Plan

CONTRIBUTION LIMITS¹

•	1-50% of eligible earnings
•	1-35% of eligible earnings for age 50 and over catch-up contribution
Other Options if Applicable:
•	1-100% of Discretionary Day Payout
•	1-100% of the MIP/IMIP Award
•	1-100% of the SIP Bonus
Totals not to exceed annual IRS limits

•	1-10% of eligible earnings

For UPSers with compensation less than $150,000 in 2023.

SavingsPLUS COMPANY MATCH²

Yes, except for catch-up contributions

SUMMARY OF ADVANTAGES

•	Reduces current income taxes
•	Allows taxes on qualified withdrawals to be deferred until retirement

•	No taxes on qualified withdrawals
•	Allows for rollover to a Roth IRA where minimum distributions are not required in your lifetime

•	No taxes on withdrawals of contributions at any time
•	Can be used for emergency savings fund

The combination of pre-tax and/or Roth contributions may not exceed $23,000 (or $30,500 for those who are or will be 50 or older in 2024.

Residents of Puerto Rico: pre-tax contribution is $22,500; catch-up contribution limit is $1,500; Roth 401(k) contributions are not available.

UPSers earning more than $150,000 a year (based on eligible compensation from the previous year) are not eligible to make after-tax contributions in the 401(k) Plan to ensure total contributions do not exceed IRS limits.

You must be eligible for SavingsPLUS matching contributions.

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You can also download a print ready Contribution Options Summary.