PenChecks Company News


Check out the latest retirement distribution news regarding PenChecks, the leader in benefit distribution processing.

December 19, 2018

PenChecks, Inc. Names New President and a New Chief Operating Officer

Spiro Preovolos, a member of the PenChecks team for 17 years, has been promoted to President. Bryan Pruden, a former senior executive for Intel Corporation, SAIC and Celergy Networks, has been hired to serve as the company’s new COO. more

October 20, 2017

PenChecks Trust, PensionPro Team Up to Automate Retirement Distributions

PenChecks Trust, a leading provider of outsourced retirement distribution solutions, and PensionPro, a premier provider of workflow management software for third-party administrators (TPAs) and recordkeepers, have reached an agreement on a new technology partnership. more

September 14, 2017

PenChecks to provide support for those affected by hurricanes

At PenChecks Trust, we believe in helping people, doing the right thing and making complicated things simple. In Keeping with these core values, and in light of the devastating effects of Hurricanes Harvey and Irma throughout the entire southeast region, PenChecks trust will be: Expediting any emergency hardship or other distributions for our clients that […] more

April 18, 2017

PenChecks Trust, ASPPA Renew Partnership and Expand QKA Scholarship Program

PenChecks Trust Company of America (PenChecks Trust) and the American Society of Pension Professionals & Actuaries (ASPPA) are pleased to announce the renewal and expansion of the QKA Scholarship Program for ASPPA’s Qualified 401(k) Administrator (QKA) credential program. more

February 13, 2017

PenChecks Trust Announces New V.P. of Institutional Sales

SAN DIEGO, CA — PenChecks Trust Company of America, a leading provider of outsourced retirement plan distribution services, announces the hiring of Steve Wagoner as the firm’s new Vice President of Institutional Sales. more

October 24, 2016

PenChecks Trust and PensionSoft Announce New Technology Partnership

PenChecks Trust, a market leader in benefit distribution processing, and PensionSoft Corporation, a leading provider of software to retirement plan third-party administrators and actuarial services firms, have agreed to integrate their software products to make benefits processing faster and easier for retirement industry clients. more

October 28, 2015

SDCERA Names PenChecks Board Member, David Wescoe CEO

Longtime member of PenChecks’ Board of Directors to head San Diego County’s $10.6 billion employee pension fund. The San Diego County Employees Retirement Association (SDCERA) has hired the former head of the city’s pension fund and current member of PenChecks Trust Board of Directors, David Wescoe, as its next chief executive officer. more

July 14, 2015

PenChecks Trust and ASPPA Announce Second Annual QKA Scholarships Program

PenChecks Trust Company of America (PenChecks Trust) and the American Society of Pension Professionals & Actuaries (ASPPA) are pleased to announce the second annual QKA Scholarship Program for ASPPA’s Qualified 401(k) Administrator (QKA) credential program. more

June 9, 2015

PenChecks Trust Welcomes Scott Okrasinski as New Sales Director

PenChecks Trust™, the leader in retirement benefits distribution processing, has appointed Scott Okrasinski as the company’s new Vice President/National Sales Director. A top performing sales manager and leader, Okrasinski will focus on creating and implementing sales initiatives that deliver growth and market penetration while increasing new customer acquisition and existing customer retention for PenChecks. more

October 21, 2014

PenChecks Celebrates 20 Years of Delivering Results

PenChecks Trust™, the leader in retirement benefits distribution processing, is moving into its third decade of operations with one eye on the past and one eye on the future. Founded in 1994 by CEO Peter E. Preovolos, PenChecks is celebrating two decades of success with the launch of a rebranded web site, sponsorship of two industry scholarships, and a renewed commitment to the ongoing innovation that has made it the industry leader. more

September 15, 2014

PenChecks Trust Announces Expert Series Webinars

PenChecks is pleased to announce its Expert Series, a program of four 30-minute online seminars for institutional service providers, independent pension professionals, and retirement plan sponsors. These web events are free to industry professionals, and are designed to share insights and updates from leading experts on retirement plan distribution rules, challenges and opportunities concerning uncashed checks, automatic rollovers, terminated plans, and debit cards. more

May 8, 2013

Remembering Michael Downey

We most regrettably convey the passing of a very special and beloved member of the PenChecks family. On May 8th, 2013, Michael James Downey lost his battle with cancer. Mike served as PenChecks' chief financial officer and in-house comic relief for six years. Mike was a colleague, a friend, a husband and father. more

March 21, 2013

PenChecks Welcomes John Hall as Northeast Regional Sales Director

PenChecks welcomes John Hall as its Northeast Regional Sales Director. Hall draws on 25 years of experience with firms such as BCG, BenefitStreet, and Merrill Lynch, where he has provided consultative sales leadership on 401(k), defined benefit, profit sharing and other qualified plans. more

April 16, 2012

PenChecks Names Mike McWherter New Chief Compliance Officer

PenChecks, Inc. welcomes Mike McWherter as the firm’s new chief compliance officer. McWherter comes to PenChecks with more than 20 years of combined corporate law and ERISA plan compliance experience. He will oversee all compliance issues, supervise regulatory audits, and coordinate between outside corporate counsel and ERISA counsel. more

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