- Credits
- 364
UPS Freight Teamsters who have a balance in the UPS Savings Plan can now liquidate their plan and transfer it to the Teamster-UPS National 401(k) Tax-Deferred Savings Plan. There will be no tax consequences to transfer.
You should be receiving an announcement in the mail along with a Transfer of Assets Authorization Form.
Excerpt from the letter:
The Board of Trustees of the Teamster-UPS National 401(k) Tax-Deferred Savings Plan and Administrative Committee of the UPS Savings Plan have agreed to allow a one-time opportunity to transfer your UPS Savings Plan balance to the Teamster-UPS National 401(k) Tax-Deferred Savings Plan. This is a one-time, voluntary election that you can make between April 29, 2011 at 4PM (ET) and July 15, 2011 at 4PM (ET)
Your balance in the UPS Savings Plan will not automatically transfer to the Teamster-UPS National 401(k) Tax-Deferred Savings Plan. You must actively elect to transfer 100% of your UPS Savings Plan balance during the transfer election period.
www.teamsterups401kplan.com
You should be receiving an announcement in the mail along with a Transfer of Assets Authorization Form.
Excerpt from the letter:
The Board of Trustees of the Teamster-UPS National 401(k) Tax-Deferred Savings Plan and Administrative Committee of the UPS Savings Plan have agreed to allow a one-time opportunity to transfer your UPS Savings Plan balance to the Teamster-UPS National 401(k) Tax-Deferred Savings Plan. This is a one-time, voluntary election that you can make between April 29, 2011 at 4PM (ET) and July 15, 2011 at 4PM (ET)
Your balance in the UPS Savings Plan will not automatically transfer to the Teamster-UPS National 401(k) Tax-Deferred Savings Plan. You must actively elect to transfer 100% of your UPS Savings Plan balance during the transfer election period.
www.teamsterups401kplan.com