403(b) Custodial Services — Your Plan Options

The Easy Way to Manage Your Retirement Account

If your 403(b) account was transferred from Merrill Lynch to PenChecks Trust and you’re wondering what to do with it, you have several options:

  • You can cash out your account and pay a hefty tax bill on the entire amount.
  • You can transfer your account to another institution of your choosing, and likely pay higher administrative and custodial fees.
  • You can leave your account with PenChecks Trust and take advantage of our custodial services to help you make smart investment decisions and achieve your account management goals.
Contact Us Today: 1-888-MY403B (1-888-469-4032)
  • Cost Savings

    We offer meaningful custodial and self-directed account services – at a lower cost.

  • Safety and Security

    We’ve been providing custody services and administering individual retirement accounts for more than two decades.

  • Lower Costs

    Your 403(b) account assets were transferred to us “in-kind,” so they remain the same as they were prior to the transfer. If you move your account to another institution, you may not be able to transfer the assets in kind.

Personalized Service

Designed with you in mind, our 403(b) services provide a simple, seamless way to manage your retirement account. These services include:

  • Access to professional money management – including investment advisory services and a choice of more than 13,000 mutual funds to invest in – from recognized leaders in the field.
  • A choice between self-directed (the current status of your account unless you choose otherwise) and a professionally managed account. Either way, we have the tools and resources to support your preferred approach.
  • Safe, secure online access (through our sub-custodians) to review and manage your account.
  • Quarterly investment performance reporting, delivered electronically, through our sub-custodians.
  • Friendly, personalized service from knowledgeable professionals who are responsive to your individual needs.

Our Partners in Your Success

At PenChecks Trust, you can gain access to professional assistance and guidance from some of the top mutual fund providers in the U.S.

Your self-directed 403(b) account resides with TD Ameritrade, where you can choose from over 13,000 mutual funds. With TD Ameritrade, you can conveniently manage your 403(b) account online. This online access provides a wealth of useful information directly related to retirement planning, including:

  • Advanced yet easy to use investment tools
  • Third-party market research
  • Electronic trade confirmations, and
  • Fill notifications

If you prefer to retain your self-directed 403(b) account status, you do not need to take any action at this time.

Of course, you are always welcome to call TD Ameritrade’s Client Services department at 866-766-4015 to answer your questions or receive other assistance. Either way, TD Ameritrade and PenChecks Trust are committed to providing you the excellent service you deserve.

Carefully consider the investment objectives, risks, charges and expenses before investing in any mutual fund. A prospectus, obtained by calling TD Ameritrade at 866-766-4015, contains this and other important information about an investment company. Read carefully before investing.

If you choose to take advantage of the managed account option, OBS Financial will serve as the investment advisor under §3(38) of the Employee Retirement Income Security Act of 1974 (ERISA), the federal law that sets standards for most retirement plans and for the protection of participants in those plans. OBS provides a number of services:

  • Advanced yet easy to use investment tools
  • Third-party market research
  • Electronic trade confirmations, and
  • Fill notifications

OBS will maintain fiduciary oversight for your funds, making investments in your best interests to create a portfolio of your choosing. You have the ability to diversify your assets at any time.

To change your self-directed 403(b) to a professionally managed account, you must instruct us to do so. Call 1-888-MY403B (1-888-469-4032) today to set up your managed account.

The PenChecks Trust Advantage

In today’s world of mega-financial institutions, it’s easy to feel like a number instead of a name. At PenChecks Trust, we’re big enough to handle your account, but small enough to care.

For more than two decades, we’ve built a reputation for providing friendly, personalized service where the needs of the client come first. We go out of our way to make it simple and easy for you to get the information, advice and tools you need to make smart investment decisions for your 403(b) account.

Whether you prefer to self-direct your account or leave it to the professionals at OBS Financial, we’re here to help you achieve your account management goals.

For more information about our self-directed and managed account solutions and which one is right for you, call 1-888-MY403B (1-888-469-4032) today.

TD Ameritrade, PenChecks Trust Company, OBS Financial Service, Inc, and Dimensional Fund Advisors are separate and unaffiliated firms, and are not responsible for each other’s services or policies.

TD Ameritrade, Inc., member FINRA/SIPC. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. Used with permission.

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