Fast, Compliant Trust Distribution Resolution Services
Innovative trust resolution processing services that save time and money while keeping you in compliance with ERISA regulations.
When a plan participant goes missing or a plan gets abandoned, it can add significant time and expense to the trust resolution process. It also makes it harder for plan providers, sponsors and administrators to remain in compliance with ERISA regulations, posing financial risk to your business and plan participants.
PenChecks Trust™ takes the stress out of this process with specialized trust resolution services that help you manage missing participants and abandoned plans in a timely and cost-effective manner.
Trust Resolution for Missing Distributees
Managing uncashed checks from ERISA qualified plans can be a logistical nightmare. PenChecks’ Missing Distributees Program helps reduce the administrative and financial burden associated with uncashed or stale-dated checks by outsourcing the process of locating missing participants or escheating the funds to the proper state authority.
One of the first and most successful missing distributee programs, our proven process provides an efficient tool for supporting your trust distribution resolution needs. Our program:
PenChecks Trust Company of America (PTCA) provides a simple, cost-effective solution to help you properly terminate abandoned plans. By outsourcing the trust resolution process from beginning to end, we help you remain in compliance while upholding your fiduciary responsibility to plan participants.