Benefit Disbursements

We understand the unique needs of pension funds and work collaboratively with their decision-makers to professionally administer their assets.

As one of the largest providers of benefit disbursement services, our core services are comprised of periodic and non-periodic payments for defined benefit and defined contribution plans including 401(k) payments, death benefits, rollovers and withdrawals.

We also specialize in the following plans:

  • Qualified and Nonqualified Plans
  • Supplemental Executive Retirement Plans
  • Rabbi Trusts
  • Cash Balance Plans
  • Stock Options/Employee Stock Purchase Plans
  • 457 and 403(B) Plans
  • Collective Trusts

Let our leading-edge technology work for you and your pensioners

You can obtain electronic copies of a wide array of reports, securely and conveniently. Our user-friendly online tool enables you to search for account and participant data so that everything you need is at your fingertips:

  • Enhanced Participant Website – participant can view current and historical payment information all in real time.
  • Multiple ACH deposit options – participant can choose to have specific amounts deposited into more than one bank account.
  • Daily disbursement registers – reflects adjustment activity and enables your staff to view all such activity, including check reissues, off-cycle payments, and funding information.
  • Increased report flexibility – our system allows reports to be generated on a daily, monthly, or as-needed basis.

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Turn to BNY Mellon for unparalleled dedication, experience and support throughout the investment process.

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Regulatory Reporting

Workbench

In today's environment, keeping abreast of change is more difficult than ever. But when it comes to regulatory reporting, insurers have no choice.

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