Northern Trust Launches Passport for Benefit Payment Participants

CHICAGO--(BUSINESS WIRE)--In its continuing commitment to give institutional clients access to information when they need it, where they need it, Northern Trust announced today the launch of participant access to retirement benefit payment detail via its multi-faceted web portal, Passport®.

“Providing real-time access to information that is most critical to them provides empowerment and convenience.”

Available to institutional clients in the United States, the enhancement allows retirement and pension plan participants to access their program information in real time, 24 hours a day, seven days a week. Online access through Northern Trust Passport will supplement mailings, call centers and other means of distributing statements and other information.

“As access to the internet continues to grow, retirement plan participants want the flexibility and simplicity of accessing their benefit payment information via the web,” said Paul d’Ouville, Global Head of Product Management at Northern Trust. “Providing real-time access to information that is most critical to them provides empowerment and convenience.”

Benefit Payment Participant Passport allows participants currently receiving payments to self-enroll into the application via a secure Internet connection and review their balance and payment information online. Participants can also update personal information, review payment history and check images, modify payment and deposit instructions, as well as review and print tax documents.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2012, Northern Trust had assets under custody of US$4.6 trillion, and assets under investment management of US$704.3 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com or follow us on Twitter @NorthernTrust.