For more information about
PenChecks, Inc. Benefit Distribution Services,
Call
1-800-541-3938 to speak to a Representative or email
us at info@penchecks.com
Missing Participant & Default
IRA Rollover Programs
Handling Missing Participants
and Default IRAs can be quite complex and time consuming due to unresponsive individuals and
numerous provisions and laws. Penchecks, Inc. provides you with the necessary forms for these types
of individuals and assists you to process them.
Penchecks, Inc.'s Distribution Services include a wide variety of offerings. We do everything
from preparing and mailing forms to payees and ensuring they are completed
properly to processing appropriate distributions, payments, deposits, and fees. We also
file the appropriate forms with the State and Federal governments, IRS, and payees,
as well as fund Participant Loans and Hardship Withdrawals and trace missing participants.
With the
BenePay Online Distribution Management System, there is no need for paper forms and no
more delays caused by mail. BenePay allows you to manage your accounts and distribution
processing online. We also offer tax forms and processing, Benefit Election Forms, and handle
Participant and Payee information.