Communique -- April 2017

In this issue
  >>  Remittance mailing address: Are you up-to-date?
  >>  Opt-in to electronic contributions
  >>  Online Salary Reduction Agreement (SRA) change requests
Remittance mailing address: Are you up-to-date?

As a reminder, our address for remittance payments changed a year ago. All checks should be made payable to and sent to:

WEA Member Benefits
PO Box 645451
Pittsburgh, PA 15264-5252

To insure proper credit, please be sure to include both the account number (bin number) and the plan name on all deposits. The bin number should be placed between pound (#) signs for both ACHs and wires. The bin number should also be written on checks. .

Opt-in to electronic contributions

While employers may remit employer 403(b) contributions by mailing checks to our custodian bank, we encourage the use of electronic payments to increase efficiency and decrease errors. Those using your PLAN ACCESS for contribution information have the option of sending contributions electronically.

After the payroll and contribution details have been entered into your PLAN ACCESS, you can simply choose to ACH or wire the funds to WEA Member Benefits. This can be set to pull from your bank account on the date of payroll, or if you prefer the funds pushed from your account, we can provide you with our bank account information.

If you would like to switch to electronic contributions, simply give us a call at 1-800-279-4030 and we can go over the details with you.

Online Salary Reduction Agreement (SRA) change requests

Did you know you can offer your employees the option to make SRA change requests online? Employees can log into their yourMONEY participant account to update their 403(b) deferral amount 24 hours a day, seven days a week. This allows them flexibility and encourages retirement savings.

You can receive their SRA changes two different ways:

(1) by receiving an e-mail each time an employee makes a change; or
(2) by running a report in the your PLAN ACCESS portal at your convenience.

It’s simple and efficient. Please give us a call at 1-800-279-4030 and we can assist you with the set up.

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