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Products January 8, 2002
First Union Upgrades 401(k) Web
August 13, 2001(Plansponsor.com)- First Union
Benefits Services Group has unveiled a number of plan
sponsor-oriented enhancements to its Evergreen 401(k) now
product, including eligibility calculation and negative
enrollment.
Reported by Nicole Halsey
The Charlotte, North Carolina-based provider now also offers secure file transfer capabilities.
In addition, participants now have access to:
- auto enrollment window capabilities
- dollar deferrals for auto enrollment
- dollar transfers on the Internet
- as well as an application to redirect their future contributions by money type
A spokesperson for First Union told PLANSPONSOR.com that these features were previously available only through the company’s call center.
First Union currently services 1,842 plans, 440,000 participants and manages over $15.1 billion in assets.