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.
Reported by Nevin E. Adams
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.
The firm currently plans to introduce BenePay-Participant Access later this year, which will allow participants online access to their information.
« Genetic Discrimination Protection Bill Passes Senate Committee