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Brown Cafe UPS Forum
UPS Union Issues
Left UPS, Can I withdraw contributions?
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<blockquote data-quote="1017Russia" data-source="post: 5408582" data-attributes="member: 101480"><p>Don’t listen to these “just leave it there” people, there are fees to maintain the account meaning if you don’t roll over or withdraw your balance you will end up owing the trust company. If you no longer work with ups withdraw. A lot of guys telling you leave it in there think they know everything, smartest plan would be figuring out how to roll it over into another trust, pension or 401k plan, if you call them they’ll get that started. Again, if you leave the money in the trust and you are no longer making contributions, the monthly fees will eventually burn through the savings</p></blockquote><p></p>
[QUOTE="1017Russia, post: 5408582, member: 101480"] Don’t listen to these “just leave it there” people, there are fees to maintain the account meaning if you don’t roll over or withdraw your balance you will end up owing the trust company. If you no longer work with ups withdraw. A lot of guys telling you leave it in there think they know everything, smartest plan would be figuring out how to roll it over into another trust, pension or 401k plan, if you call them they’ll get that started. Again, if you leave the money in the trust and you are no longer making contributions, the monthly fees will eventually burn through the savings [/QUOTE]
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Left UPS, Can I withdraw contributions?
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