PenChecks Success Stories
At PenChecks, we do more than just provide cost-effective retirement benefit plan distribution services – we solve problems. Specifically, we solve your retirement plan distribution problems in a manner that helps achieve your business goals and objectives.
Our innovative solutions start with taking the time to identify your unique retirement plan distribution challenges. Then we work with you to create a solution that fits your plan, your business and your budget. Whether you need to cut plan management costs, reduce administrative workload, or beef up compliance, we understand the challenges you face, and have the knowledge and expertise to solve them.
The following success stories illustrate a few of the many ways we help our clients achieve their pension plan distribution goals.
Colton Groome
Colton Groome and Company is Western North Carolina’s oldest independent financial strategies firm. They specialize in helping retirement plans achieve higher performance, lower costs by keeping the plan under one roof, stay compliant and reduce liability exposure.
Crowe LLP
Crowe LLP is the 9th largest accounting firm in the U.S., with more than 4,500 employees in 44 offices around the country. Their ESOP Practice provides retirement plan consulting and administrative services to ESOP companies.
St. Luke’s Cornwall Hospital
St. Luke's Cornwall Hospital is a nonprofit hospital dedicated to serving the health care needs of residents in the Hudson Valley area of New York. The hospital sponsors a frozen pension and 403(b) plans for its employees.
Greenspan & Associates, Inc
A pension administration firm based in Encino, California, Greenspan & Associates, Inc. works with companies to design, implement and administer more than 500 retirement plans.
Angell Pension Group
The ANGELL Pension Group is a national leader in third-party administration and compliance, providing a full array of administrative, actuarial, Section 125 and nonqualified services to more than 3,000 clients nationwide.
INTAC Actuarial Services
INTAC is a leading actuarial firm that provides complete retirement plan design, consulting, and administration for more than 2,800 small to mid-sized companies nationwide, their owners, key executives and employees.
PASI, LLC
A leader in the area of plan design and implementation, PASI has chosen to allocate its resources to those tasks best suited to their expertise and operations, while outsourcing to PenChecks the tasks for which PenCheck's robust and process-oriented infrastructure is uniquely well-suited.
AKT Retirement Services
PenChecks provided a turnkey solution that helped solve the problem. Program implementation was seamless and PenChecks provided great support during the start-up phase.
AmbroseAdvisors
Learn how this third-party administrator reduced their clients’ benefits distribution processing costs by 30 to 50% while improving service and customer satisfaction.
Cornerstone Group
Working with PenChecks improved staff efficiency and reduced payment processing time by 60% for this TPA, while also reducing fiduciary risk.
Ganahl Lumber
PenChecks help this ESOP-owned company set up nearly 600 employee participant accounts, process dividend payments, and manage all tax withholding forms within two weeks to meet end-of-year deadlines.
Hicks Pension Services
PenChecks distribution solutions enabled this benefits advisory firm to reduce the cost of pass-through fees to clients and save each administrative team up to four full days in clerical time each year.
Kidder Benefits Consultants
Discover how this retirement plan consulting firm saved thousands of dollars in software costs to comply with IRS 1099R reporting requirements, while freeing up staff time to focus on client needs.
Kravitz, LLC
This California-based retirement plan consulting firm used PenChecks technologies to save 15% in processing time, improve staff productivity, and simplify their entire payment distribution process.