I bought some aluminum plate for a project that I need to keep as close to 1/4” as possible, however I’m unintelligent and purchased 1/4” aluminum plate stock instead of oversizing.
Assuming that’s 6061, on a part that big and thin there’s not really any good options aside from fly cutting it flat on both sides if you want any kind of precision to it. Depending on what your making, having it laser cut might be a better choice.
Beds for 3D printers are also aluminum of similar thickness. The best choice is cast aluminum surface plate. There are residual stresses in extruded metal which will cause the sheet to warp if you remove 1/8" – google “aluminum sheet warping.”