Benefits PayView allows plan sponsors and third-party administrators (TPA) real-time access to benefit disbursement and tax reporting information for participants in defined contribution, defined benefit and other retirement plans serviced by Wilmington Trust.
With PayView, plan sponsors can a ccess historical participant information with a browser-based inquiry system and receive participant data to answer inquiries such as when a check was issued, where it was sent, and whether or not it has cleared. Further, the system allows for data to be downloaded through various reporting programs:
- Check Register Report – provides payment information for each distribution made for a specified period
- Tax Ledger Report – summarizes 1099R and W-2 information
- Payment Status Report – reflects a check’s status.