Plan Providers

PenChecks’ entire outsource processing model is designed to help our partners and clients offload time consuming and otherwise cumbersome tasks so that they may spend more valuable time, energy and resources focusing on their core business. When companies can spend time doing what they do best - working on their core competencies and other revenue generating activities such as new client acquisition - it’s a win/win situation for them and their customers.

PenChecks can assume all check writing responsibilities for an organization. No matter how small or how big the daily, weekly or monthly output, PenChecks infinite scaleability and processing design can forever eliminate the need for Plan Providers and Institutions to be ever be involved in payment processing. And most valuable of all for the Plan Sponsor / Institution, all distribution funds can remain in-house while PenChecks processes the benefits.

PenChecks proprietary distribution system can facilitate lead generation to any particular advisor or group of advisors. These leads are fed automatically electronically and can be customized in any way from the type of distribution to the size of particular distributions to the amount of lead time given for follow-up before additional steps are taken. PenChecks customizable lead generation is the single greatest and easiest method to help protect against rollover dollars from transferring elsewhere.

PenChecks can help Plan Providers and Institutions retain valuable assets under management (AUM) two significant ways - 1.) By effectively and efficiently streamlining lead generation for all distributions processed by PenChecks and 2.) PenChecks can offer preferred rollover investment options that utilize the specific vehicles of choice for the parent Plan Provider or Institution. The easiest way to stop participant distribution dollars from transferring elsewhere is to have an interested advisor contacting each participant before the effectuate a distribution. The only way to do that is to ensure a specific and automatic lead generation process is set in place. The PenChecks platform has automatic lead generation already built into it. Furthermore, PenChecks’ lead generation can be customized to pinpoint and maximize the opportunities that an advisor or group of advisors would want to take advantage of. To take it even a step further, for all distributions that fall below a desired lead generation threshold, PenChecks can have built directly into the participant benefit election process, specific rollover options that make it attractive and easy for a participant to keep their funds with the current Institution. It takes a long time to build an organization’s AUM and it is not something to be taken lightly nor is it any longer necessary to let participant distribution funds go elsewhere without first taking proactive steps to curb it. As a part of it’s regular business distribution processing, PenChecks can help Plan Providers maintain and continue to build their AUM base. And the best part is that it’s all completely customizable.

Everything that PenChecks does can be private labeled or “white” labeled for a Plan Provider client partner. PenChecks is a specialist in processing distributions and we recognize that distribution processing is only one part of the overall process and suite of services a Plan Provider may provide. As such, all of PenChecks services and products can be uniquely and individually packaged to work as a part of (or simply appear to work as a part of) any existing systems, software, web interfaces and/or any overall marketing look and feel. At PenChecks, we provide the most efficient and cost-effective distribution processing solutions available in the country. We respect and value our client partners and we understand that if we make you look good - we look good. We just don’t need to be seen while we’re making you look good. Everything from a participant call center experience right down to the physical paper checks can be customized to suite the needs and desires of any Plan Provider / Institutional client.