Plan participants, sponsors, TPAs and financial professionals alike can all benefit from RecordkeeperDirect®’s electronic withdrawal process, from initiating requests for most types of withdrawals on the participant website, through the customizable approval workflow, to the payout with a wide range of options.
With a secure digital process, smart interfaces, real-time approval notifications and automatic status updates, e-distributions offer added convenience, efficiency and safety. Among the benefits:
In addition, recent improvements and options make e-distributions more useful and flexible than ever, including:
If a client is unable to utilize our e-distribution service and chooses to submit a paper distribution form, please note that our ACH distribution requirements have changed. Updated forms require that participants consent to a new bank account validation service. As such, in order to avoid delays and/or disruption, please ensure you always access the current version of each distribution form in the Forms section of the RecordkeeperDirect TPA website.
To learn more about the benefits of online distributions, call us at (800) 421-6019.