When you leave your position at an employer that participates in the UU Retirement Plan, it's very important to log in to your account and review your information.
If you have never logged in, please see instructions:
Manténgase bien encaminado a través de Internet
In your account:
- Review and update your contact information
- Make sure you have a personal email address as your primary email to receive information
- Review and update your communication preferences
- Designate or update your beneficiaries.
You have several options for your retirement account:
- Leave your retirement money invested the UU Plan. You cannot add more money to the account but can still log in to your account and change your investments.
- Roll the funds from the UU Plan to a retirement plan with a new employer (if that plan permits a rollover).
- Roll the funds from the UU Plan to a new IRA (individual retirement account), where you can add money to and manage the account.
- Cash out the funds in the UU Plan to receive the money immediately. (This will be taxable income, and if you are under age 59 ½, there will also be a 10% fee/penalty.)
At least annually, the UU Plan will remove accounts for non-clergy with small balances if you no longer work for a participating employer. If you have less than $5000 in your account, the UU Plan will move your balance to an IRA, unless you choose a cash payment instead of a rollover to an IRA.