Products May 22, 2003

SunTrust Brings BenePay Online

May 22, 2003 (PLANSPONSOR.com) - SunTrust Banks, Inc., has introduced BenePay, an online payment distribution tool for retirement plan sponsors.
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With the new service, clients of SunTrust’s Retirement Services Division are able to:

  • View online plan and participant level information
  • Access payment history and tax records, and
  • Receive and request reports online.

In addition to the capability of viewing plan benefit payment information online via BenePay, SunTrust has also introduced BenePay-Interactive, which allows sponsors to set up payments and update participant information online.

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The firm currently plans to introduce BenePay-Participant Access later this year, which will allow participants online access to their information.

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