Benefits (U.S. Only)
UPS believes its people are its most valuable
asset. Recruiting and retaining a winning team of employees dedicated to the company's mission and purpose is critical to UPS's ability to serve its customers' needs on a day-to-day and long term basis. That's why we offer one of the most comprehensive total compensation packages available.
For two consecutive years, UPS has been ranked highly in MONEY magazine's annual survey of America's best benefits packages - the company currently ranks 8th out of 200 companies surveyed. UPS offers its management employees a complete menu of benefit options in which to create programs that fit their personal and family needs. In addition, the company's hourly employees receive world class benefits. In fact, UPS is one of only a few companies offering its part-time employees full benefits, from medical/dental coverage to tuition assistance.
Health and Welfare
UPS offers world class health and welfare benefits to its workforce. Benefits are an important part of an employee's total compensation at UPS. In addition, benefits demonstrate UPS's commitment to its employees and retirees and their families.
UPS administers several benefit plans to meet the health and wellness needs of various employee groups. In addition, UPS makes contributions on behalf of employees in union administered plans.
While there are variations in available plans, following is an overview of the company's award winning benefits:
- Prescription Drug Program
- Life Insurance
- Supplemental Group Universal Life Program
- Business Travel Accident Insurance
- Sickness & Accident Insurance
- Long-Term Disability with Inflation coverage
- Long-Term Care Insurance
- Child/Eldercare Spending Accounts
- Healthcare Spending Accounts
- Cancer Insurance
Work-Life Balance Programs
It can be difficult to balance work with home and family. UPS understands this and makes resources available to help its employees balance conflicting needs.
Compensation & Savings Programs
UPS currently ranks 8th on MONEY magazine's list of "Corporate America's Best Benefits". The magazine ranked Fortune 200 companies based on defined contribution plans, like 401(k) and profit-sharing program; defined benefit pension plans; and health care options, vacations and stock options.
Overview of UPS's Compensation and Savings Programs
Employee discounted stock purchase plan
UPS believes that long-term ownership of our company by UPS people is an important contributor to our future success. Sharing in the risks and rewards of ownership promotes the commitment of our people, full-time and part-time, management and non-management, union and union free, which is critical to our ability to enable global commerce. Employees can purchase stock through the Discounted Employee Stock Purchase Program and their 401K plan.
401(k) savings plan with 100 percent match of first 3 percent contributed
UPS offers three 401(k) plans for employees: the UPS Savings Advantage, the Teamster-UPS National 401(k) Tax Deferred Savings Plan, and the UPS/Independent Pilots Association 401(k) Savings Plan.
Defined benefit pension plan
UPS offers pension plans for both management and non-management employees. Pension plans are based on years of service, among other factors.
UPS offers highly competitive hourly wages, salaries and total compensation plans. From its drivers to its IT professionals, UPS employees are among the best paid in the industry.
Managers Incentive Plan (profit sharing)