The Automatic Enrollment feature is required by a Federal Law passed a few years ago.
The Plan website . . .
http://www.teamsterups401kplan.com/
Eligibility and enrollment
You are eligible to participate in the Teamster-UPS National 401(k) Tax Deferred Savings Plan if you are a UPS employee who is represented by the International Brotherhood of Teamsters or other labor unions as approved by the Trustees.
Eligible employees can enroll as soon as they are employed by UPS and may enroll immediately either online or on the phone:
Log on to the Plan website at
www.teamsterups401kplan.com.
• Click “Access Your Account.”
• Click “Register Now” and follow the instructions to complete your enrollment.
Call the toll-free Information Line at 1-800-537-0189 and follow the instructions to complete your enrollment.
Automatic Enrollment
Full-time employees hired, rehired or transferred to an eligible job position on or after April 1, 2009 will be automatically enrolled 90 days after their date of hire at a 2% pre-tax deferral rate. Those contributions will be invested in the age-appropriate Bright Horizon Fund, based on a retirement age of 60. You may actively enroll at any time prior to being automatically enrolled. By actively enrolling, you can choose your own contribution rate and investment options. You may decline enrollment at any time prior to being automatically enrolled by going to
www.teamsterups401kplan.com or calling 1-800-537-0189.
