Benefits after quitting

Discussion in 'Life After Brown' started by gusblack707, Mar 24, 2015.

  1. gusblack707

    gusblack707 New Member

    I have decided leave to UPS after year+ as a PT Supervisor. What I am wondering is how long do my health benefits last after I quit and how do I cash out or transfer my 401 K?

    Thanks in advance for the reply's.
  2. olroadbeech

    olroadbeech Happy Verified UPSer

    transfer directly from 401k to either an ira or roth ira so you don't have to pay taxes and penalties. I suggest the Vanguard group of mutual funds because of the very low fees. use an index fund like the S and P 500.

    as of health bennies someone else will need to give you that answer. you could call the customer service number on your medical card.
  3. rod

    rod retired and happy

    Why are you leaving? Tell the truth now
  4. Baba gounj

    Baba gounj pensioner

    Never cash out .
    Always use an electronic transfer .
    The tax penalties are huge .
  5. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Your benefits terminate immediately upon date of leaving UPS.
    As others have said, if possible, do not cash out your 401k.
    As an aside, if you have a loan against your 401k, it must be paid off in full upon termination of your employment.

    Now, back yo your question ... contact the 401k plan via phone 1-800-541-6154 or Internet -

    Th above is from my last UPS 401k Savings Plan statement. Check yours to ensure your contact info is the same.