SSB Upgrades Benefits Web Site

November 15, 2001 ( - Salomon Smith Barney (SSB) enhanced its Benefit Access Web site for participants and administrators of employee benefit and compensation plans.

Among the new features for plan participants are:

  • a combined benefit statement that consolidates information for multiple SSB-administered benefit and compensation plans, providing one snapshot of plan positions, and
  • financial planning tools, including new calculators for retirement, asset allocation, education funding, stock option and wealth tax issues,

And for plan sponsors,

  • online access to both plan and participant information,
  • an online tool that allows the online submission and retrieval of plan, participant and company reports,
  • an Internet solution that provides educational materials and contact information on employee benefits to displaced employees in times of change.

Other enhancements, specifically designed for employee stock plans, include:

  • the electronic delivery of confidential account activation credentials to plan participants, 
  • online vesting schedules, 
  • conversion of US dollar proceeds to local currency for participants in more than 25 countries, and 
  • the ability to electronically certify Internal Revenue Service forms online.