U.S. institutional clients of Northern Trust can now offer retirement and pension plan participants access to benefit payment details via Northern Trusts Web portal Passport.
The online access supplements mailings, call centers and other means of distributing statements and other information, Northern Trust says.
As access to the Internet continues to grow, retirement plan participants want the flexibility and simplicity of accessing their benefit payment information via the web, says Paul dOuville, global head of Product Management at Northern Trust. Providing real-time access to information that is most critical to them provides empowerment and convenience.
Participants currently receiving payments may self-enroll to Benefit Payment Participant Passport to review their balance and payment information online. They can also update personal information, review payment history and check images, modify payment and deposit instructions, as well as review and print tax documents.
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