Benefit Payments, Paying Agent & Tax Reporting Services
FST helps companies eliminate the burden of participant distributions, pension payments, loan withdrawals, and other taxable and non-taxable distributions. FST Payment Specialists will work beside you to ensure a prompt, accurate benefit payments solution.
Our services include:
- Recurring and lump sum payments as directed
- Monthly Electronic Pension Register
- ACH and Check Payment Options Available
- Tax Withholding and Annual 1099-R for Payees
- Annual Death Audit for Deceased Pensioners
- Online Access to Retiree Information and Payment Data
- Full-Service Option Available with Pensioner Call Center