VIDEO: Do We Have Your Money?
Reclaim Your Retirement Funds from PenChecks Trust. Learn more.
Have you been directed to PenChecks Trust by your retirement plan sponsor? If so, you may be wondering how PenChecks came to be the custodian of your account. We’ve created a short video that explains what happened to your assets after leaving your former employer, and how you can initiate the process to reclaim your retirement funds.
Multiple Distribution Options with Online Participant Benefit Election ProcessWhen making their benefit elections, participants can select one of the following:
- Roll your benefit over into an existing IRA
- Roll your benefit over into a new employer plan
- Receive a cash lump sum distribution
- Receive a split distribution (combination of cash lump sum and rollover)
- Review and elect all mandatory/voluntary federal and state tax withholdings as it relates to their benefit election