Try to do part of 3-D cutting

You should cut out the handles before the outside boarder:

A #201 endmill does not have 1.5" of cutting flute length:

you’ll need a "long reach endmill for that, and you really should consider Climb vs. Conventional Milling and tooling engagement — where possible avoid slotting and add geometry and cut as a pocket

and/or

and consider leaving a roughing clearance and taking a finishing pass.

(same for the handles)

I’d simply add another group and add a shallow cut along the edge (note that you’ll need to maintain registration — probably the best approach would be to cut half-way through on each side)

Adjust the dimensions/placement a bit:

I believe those will need to be mirrored depending on the orientation of your flip, see:

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