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.
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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.

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