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Please click the links to the right to learn about the services PenChecks offers.

Specialized Solutions


Uncashed Checks/Abandoned Plan Brochure(10-8-10)


PenChecks was established over 15 years ago by fourteen well-established Pension Plan Administrators to alleviate the burden of the complex and time-consuming qualified plan distribution process. Over the years we have developed several Specialized Solutions for Plan Providers, Administrators, and Sponsors that are unique to the qualified distribution process. They are:

  • Missing Distributee Program – When lump sum distribution checks go uncashed a benefit is still due to the participant. However, if taxes are withheld, paid, and reported to the taxing authorities under a prior tax year a Default/Missing Participant IRA is not an option due to the fact that a taxable distribution has taken place. The funds are non-qualified. PenChecks will assist Plan Sponsors/ Institutions in resolving these accounts by attempting to locate the missing distributee (payee) and/or eventual escheatment of the funds to the proper state authority. Plan Sponsors/Institutions direct these funds and provide basic payee information (name, ssn, address, dob, etc) to PenChecks and PenChecks will:
    • Perform an address search, notify the payee of the unpaid benefit, and request payee to contact PenChecks.
    • Validate the identity of any located missing distributee; upon validation, PenChecks will pay out the missing distributee.
    • If missing distributee is unresponsive, the funds will be escheated to the missing distributee’s original state of residence.

    Establish Missing Distributee Account Today
    Let PenChecks do the work for you. Take advantage of the Missing Distributee Service today by following these step by step instructions. You can always call our Client Service Center toll free at (800)541-3938 to get more information or assistance.

  • In Kind Distributions – Need to rollover or take a taxable distribution from a non-cash investment? PenChecks can assist in issuing a 1099R. Call our Client Service Center toll free at (800)541-3938 to get more information.
  • 1099R Only / Tax Payments – Need to make a tax payment or issue a 1099R as a result of a pension distribution completed by a party other than PenChecks? We can help you. Call our Client Service Center toll free at (800)541-3938 to get more information.
  • Participant Address Searches – looking for some assistance in searching and locating missing plan participants? We have a solution. Call our Client Service Center toll free at (800)541-3938 to get more information.