Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Products January 18, 2007
State Street Gives Retirees Access to Financial Information
January 18, 2007 (PLANSPONSOR.com) - State Street
Corporation has come out with a Web-based tool, mypenpay.com,
that gives retirement plan participants direct and secure
access to personal payment information and account
transactions.
Reported by Adrien Martin
According to a company press release, State Street will provide online 1099R tax forms instead of participants having to call a benefits administrator for lost forms.
Also, the Automated Stop and Reissue function allows participants to initiate a stop payment on checks that remain outstanding for a minimum amount of days from the payable date as determined by the plan sponsor, and the Online Check Images feature provides retirees with the ability to view a front-and-back image of a paid check issued within the prior 18 months.
« Survey Finds IRAs not a Primary Retirement Savings Vehicle