Experts in Payment Processing and Retirement Distribution Services
Within the retirement plan space, PenChecks Trust is known as the experts in payment processing and retirement distribution services. We offer a broad line of retirement plan distribution products and services to clients within the industry.
Our innovative retirement distribution services include:
- Payment processing
- Tax withholding and remittance
- Participant notifications
- Processing benefit elections
- Locating missing participants
- Establishing Default and Missing Participant auto rollover IRA accounts
- Resolving uncashed checks and abandoned retirement plan assets
- Abandoned Plans/Qualified Administrator services
We provide a myriad of solutions to help you save time, eliminate costs, and reduce risk so you can manage your plan(s) more effectively.
Your Satisfaction Is Our #1 Goal
From small TPA firms to large financial institutions, PenChecks Trust provides full service retirement distribution and custodial solutions to a wide range of industry clients.
- Institutions. Streamline your entire payment distribution process with PenChecks Trust. Our scalable technologies and compliance expertise can easily handle distribution processing and custodial services for even the largest institutions.
- TPAs/Plan Consultants. PenChecks Trust takes time-consuming retirement plan distribution processing tasks off your plate so you can focus on providing better service to your clients and growing your business.
- Advisors. From IRA rollover services to complete missing participant solutions, PenChecks Trust makes it easy for advisors to help their clients manage the mechanics of retirement plan distributions.
- Plan Sponsors. PenChecks Trust safely handles all the mechanics of your retirement benefits distribution needs, including payment processing, processing tax withholding, remittance and filing, and more. We can also assist you in terminating plans by helping to locate and cash out missing plan participants.
- Plan Participants. PenChecks Trust’s secure technology platform includes a proprietary participant benefit election website that makes it easy for plan participants to manage and receive plan distributions while protecting their retirement savings.
PenChecks Trust is passionate about providing the best customer service in the industry. We work hard to ensure your plan participants have a great user experience so you can focus on higher value-added services for your clients. Most important, we help those who have fiduciary responsibilities meet and maintain those responsibilities.
For fast, efficient service for all your retirement plan distributions, contact PenChecks Trust today at 800-541-3938.
To catch up on the latest happenings in the retirement plan industry and what it could mean to your business visit our blog page in the PenChecks Trust Online Learning Center.