PenChecks Company News

PenChecks Trust and ASPPA Announce Second Annual QKA Scholarships Program

July 14, 2015

ARLINGTON, Va — 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.

The PenChecks Trust ASPPA QKA Scholarship will be awarded to four individuals who have successfully completed the application process and demonstrated how the QKA designation will enhance their career in the retirement plan industry. The scholarship will cover the expenses associated with course registration and all course materials necessary to receive the QKA credential.

Upon successful completion of all exams and earning the credential, PenChecks Trust will also sponsor the recipient’s first year of ASPPA membership. The value of each scholarship, including membership, is $2,500. This year’s recipients will be announced at the 2015 ASPPA Annual Conference, Oct. 18-21 in National Harbor, Md.

“In a complex and constantly changing retirement plan environment, it is critically important that industry professionals maintain a high level of proficiency, said Brian Graff, Executive Director of ASPPA. “The QKA credential was designed with that need in mind, and we appreciate PenChecks support of this scholarship program.”

“PenChecks is proud to partner with and support ASPPA’s educational programs because we believe that highly motivated and well trained professionals are essential to sustaining excellence across all spectrums of the retirement industry,” said Peter Preovolos, CEO of PenChecks Trust. “If we are to continue driving and promoting the very best of America’s retirement savings efforts, developing qualified industry ambassadors, continued innovation and thought-leadership all are critical initiatives that PenChecks believes deeply in.”

Applications for this year’s scholarship are due Sept. 15. For more information about the PenChecks ASPPA QKA Scholarship and how to apply, click here.

PenChecks Trust Company of America (PenChecks Trust) is a state-chartered, non-depository trust company and the largest independent provider of outsourced benefit distribution services and Default/Missing Participant IRAs in the country. With nearly 20 years in business, PenChecks Trust ( is an expert and industry-leading provider of unique and comprehensive solutions for a myriad of trust resolution issues. Services include automated and branded solutions for benefit payment processing, uncashed/stale dated checks, Abandoned Plan/QTA services and Taxable Savings Accounts. Customers include financial institutions, third party administrators, plan sponsors and plan advisors

ASPPA is a national organization of more than 17,000 retirement plan and benefits professionals that serves as the educator, voice, and advocate for the employer-based retirement system. ASPPA members are administrators, actuaries, advisors, attorneys, accountants and other financial services professionals who provide consulting and administrative services for qualified retirement plans.

PenChecks - Save Time, Reduce Risk, and Lower Operating Costs: Call 800.541.3938 or .