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Electronic payment setup and maintenance

Electronic payment allows you to setup, maintain or cancel contributions to individual plans such as Individual Retirement Accounts (IRAs) and Non-Qualified Deferred Annuities (NQDAs). Payments received are posted with the current date and tax year, making them ineligible to be reported or deducted for prior year taxes. If you would like to make a contribution for the prior tax year, please call 1-800-448-2542.

To setup an electronic payment for an individual contribution, select the account to contribute to.

  • Under Electronic payment, update the following as needed:
    • Amount: Enter an amount to be drafted for your contribution.
    • Frequency: Select desired frequency from the drop down menu (weekly, bi-weekly, monthly, semi-monthly, monthly, quarterly, and one-time).
    • Start date: If the scheduled draft falls on a weekend or holiday, your contribution will be processed on the first business day following the requested date.
    • End date: (if applicable and not required)
  • Under banking information, update the following:
    • Account type: Select savings or checking from the drop down menu.
    • ABA routing number: Enter your bank ABA routing number.
    • Account number and Verify account number: Enter and reconfirm your bank account number.



Note: If banking information is on file then you may select to use that bank for your request.

To maintain an electronic payment for an individual contribution, select the account to update.

  • Under Electronic payment, update the following as needed:
    • Amount: Enter an amount to be drafted for your contribution.
    • Frequency: Select desired frequency from the drop down menu (weekly, bi-weekly, monthly, semi-monthly, monthly, quarterly, and one-time).
    • Start date: If the scheduled draft falls on a weekend or holiday, your contribution will be processed on the first business day following the requested date.
    • End date: (if applicable and not required)
  • Under banking information, update the following:
    • Account type: Select savings or checking from the drop down menu.
    • ABA routing number: Enter your bank ABA routing number.
    • Account number and Verify account number: Enter and reconfirm your bank account number.



Note: If banking information is on file then you may select that bank to use for your request.

To cancel an electronic payment for an individual contribution, select Cancel at the bottom of the screen.