THE PENCHECKS DIFFERENCE

The simple task of making a distribution from a retirement plan has become mired in red tape. The constant changes in the law and existing regulations make the process of reporting and processing retirement plan distributions complex.

Keeping personnel trained and the systems and procedures needed current is very costly for one firm. It's hard to keep up and difficult to have all the right answers. That's where PenChecks makes the difference.

"The nation's largest independent qualified benefit distribution processing organization" offers personalized professional distribution services. We offer a convenient solution to avoid missed deadlines and non-compliance penalties.


WE PROVIDE:

• Lump Sum Payment • Ongoing Recurring (Annuity) Payments • ESOP Dividend Payments • Bill Paying • Participant Loan Funding

• Distribution to Payee/Rollover • Benefit Election Forms • Tax Withholding Notice • 30-day Waiver Notice • Processing of Qualified Domestic Relations Order (QDRO)

• IRS Forms 1099R & 1096 and corresponding State Forms • IRS Form 945 and corresponding State Forms • Federal & State Tax Withholding Payments • Employee Communications • Missing Participant Services