Benefit Payments
A complete solution - combining experience, scale and leading edge technology.
Built on experience gained over 40 years, Northern Trust's benefit payment services group offers an exceptional service for both US and Canadian plans. You need a flexible benefit payment system and you want service from a dedicated leader. Northern Trust issues over 1.4 million payments each month from defined benefit, defined contribution, and non-qualified plans, and produces more than 1.8 million tax forms every year.
With Northern Trust you enjoy
- Flexibility to issue payments on any business day
- 24-hour turnaround for payment direction
- Comprehensive online inquiry and update capabilities
- Continual system updates in response to regulatory changes
- A well-defined transition process that enables an efficient transfer of payments
- Professional benefit payment specialists to address all aspects of your benefit payment needs