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IRA Reward Program

We think our Plan Administrator and Advisor partners deserve a little more for the work they do helping Plan Sponsors clean up their plans! As such, Plan Administrators or Advisors who sign up for PenChecks IRA Reward Program will receive a $10 Annual Reward from PenChecks every December for every Default /Missing Participant IRA account that is established under their Benepay account. The account balance must be greater than $45 at December of each year and proper disclosure must be given to the plan. As an example, if you establish 500 DMP IRAs and they all exceed $45 as of December, you will receive a $5,000 reward check from PenChecks at the end of the year.

All you have to do is:

1. Open your Benepay account; there is no fee and it takes approximately 5 minutes.
2. Fill out the IRA Rewards Program Agreement, fax or email back to PenChecks at (619)462-1766 or info@penchecks.com.
3. Disclose the relationship with the plan (sample disclosure is included in the Agreement).
4. Establish your Default or Missing Participant IRAs under your Benepay Account or by taking advantage of our Premier Fiduciary Service.
5. Sit back and collect your Reward Check in the mail every December.

Thank you for partnering with PenChecks!

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