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UPSERS Hardship loans 2022

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This optional feature automatically increases your pre-tax contributions by 1% each year, up to a maximum of 10%. The increases take place at the same time each year, making them easy to plan for. If you would like your savings to increase more than 1% each year, you may choose to do so. Automatic increases will stop at 10%; however, you may change your contribution percentage at any time. If you are automatically enrolled, you will also automatically be signed up for the Contribution Accelerator feature. You may turn off the Contribution Accelerator feature at any time by using your online account tools.  Read:  upsers com login Hardship loans You may borrow up to 50% of your account balance in the Plan (excluding your Self-Managed Account (SMA) and any portion of your Roth 401(k) account, if applicable), with a minimum loan of $1,000* and a maximum of $50,000, across all UPS-sponsored plans for any of the following purposes:  Read:  401K Contribution Limits 2022 • Purchase of a prima