Electronic Funds Transfer

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EFT Management
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Electronic Funds Transfer

123456
ABC Company, Inc.

The Standard offers electronic funds transfer for retirement plan deposits. This service automatically transfers the correct amount directly from an account you designate to The Standard each time you transmit contribution data using Participant Data Management.

To register for EFT (or edit your existing bank information):

Contact your bank or credit union to ensure your account can process automated ACH withdrawal transactions.
To edit or remove an account, select View Account.

Changes to your account information will require a two-week processing period. During this time, you will need to initiate ACH or wire transfers from your bank for any payroll files submitted to The Standard.

If an EFT transaction fails due to insufficient funds in your account or incorrect account information provided by you, you are responsible for the costs resulting from a delay in transferring funds.

Your company's Plan Sponsor Designee is authorized to name a representative of the plan to add and maintain bank information for automated EFT. The Plan Sponsor Designee must submit a Online Services and Authorized Contacts Form naming the representative (Banking Designee). After this form is received by Standard Insurance, the Banking Designee will be granted access to add and maintain bank information for the plan.

For an overview of PDM, review the Participant Data Management Guide by selecting the PDM Help option from the menu above.

Questions? Call 800.378.8356 or e-mail PDMHelp@standard.com for assistance.

The Standard is the marketing name for StanCorp Financial Group, Inc. and its subsidiaries. StanCorp Equities, Inc., member FINRA, wholesales a group annuity contract issued by Standard Insurance Company and a mutual fund trust platform for retirement plans. Standard Retirement Services, Inc. provides financial recordkeeping and plan administrative services. Investment advisory services are provided by StanCorp Investment Advisers, Inc., a registered investment advisor. StanCorp Equities, Inc., Standard Insurance Company, Standard Retirement Services, Inc. and StanCorp Investment Advisers, Inc. are subsidiaries of StanCorp Financial Group, Inc. and all are Oregon corporations.