Loan Payoff Instructions

Loans taken from a 401(k) or 457 may be paid off at any time using one of the following payment methods:

  • Cashier's Check
  • Money Order
  • Personal Check
Send payments to:
Utah Retirement System
PO Box 1590
Salt Lake City, UT 84110-1590

  • Certified funds are normally credited to your loan balance within 3-5 business days of receipt by URS. If you submit a personal check, the payment will not be posted to your account for a minimum of 5 business days.
  • Checks returned due to insufficient funds will not be posted to your account. URS charges a $20 returned check fee for insufficient funds.
  • URS is unable to accept cash.
  • If a loan is paid off, it may affect the amount that is available for a new loan (see URS 401(k)/457 Loan Program brochure.)
  • Additional payments of $500 or larger, or a full balance payoff will be accepted at anytime. There are no prepayment penalties.
  • If you have questions, please call between the hours of 8 a.m. - 5 p.m., Monday through Friday at 801-366-7720 or 800-688-401k and press "0" to speak to a counselor.

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