PenChecks Pay Portal (P3)
Get Fast, Efficient Pension Benefit Distribution Processing with PenChecks Pay Portal (P3)
Continuous innovation is a hallmark of PenChecks service. Our fast, secure online benefit distribution processing technology allows institutions, third-party administrators, and plan sponsors to work smarter and more efficiently. With the P3 system, processing organizations enjoy cloud-based seamless technology, available 24/7 with no additional software to download or manage.
After selecting their benefits, participants can choose from several payment and delivery options, including standard check, ACH, and overnight delivery. Plan providers and administrators receive an electronic record of every benefit election, and paper forms can be provided upon request.
One-Stop Benefit Distribution Processing Online
The PenChecks Pay Portal streamlines and simplifies online distribution processing in a secure, safe web environment. Specially designed for plan providers, administrators and sponsors, P3 offers centralized one-stop service that lets you:
- Create and monitor distribution requests
- Verify plan asset deposits
- Generate reports
- Withhold and remit federal and state taxes
- Issue 1099Rs
- And more!
- And you do it all from one convenient distribution processing portal.
The #1 Online Pension Benefit Distribution Process for Third-Party Administrators
Our P3 System is a third-party administrator’s best friend.
- Easily create multiple plan sponsors and manage multiple plans using P3’s innovative technology
- Initiate distributions, monitor distribution status, and generate reports 24/7
- Enjoy safe, secure access in your office or remotely with laptops, tablets and other mobile devices
- Privacy and security settings are based on individual TPA needs
- Save time and work more efficiently with bulk uploading of plan sponsor and participant distribution data