Pain-Free Payment Processing

We make it easy.

PenChecks Trust® – A Leading Provider of Comprehensive Retirement Plan Payment Processing Services – and more

We make life easier for Institutions, Third-Party Administrators (TPAs), Advisors and Plan Sponsors by taking important but time-consuming administrative tasks off your plate.

Whether you call it a “retirement distribution“, “payment processing” or something else, we provide plan participants comprehensive assistance for claiming their plan distributions, including a quick and easy means to submit benefit election information.

WHO WE HELP

I am a plan professional...

A professional is :

Any individual or other entity representing an organization or institution that could benefit from PenChecks Trust’s payment processing and other retirement distribution services

25 Years of payment processing leadership and industry innovation… get to know us

I’m here to learn about your retirement distribution services:

Notification and Payment Processing services

Automatic Rollover and Missing Participant IRA solutions

Missing Participant Search services

Uncashed Check solutions

QTA (abandoned plan) services

We make it simple.

Streamline and simplify your payment processing administration.

OUR SOLUTIONS

I am an individual...

An individual is either:

A Plan Participant who is entitled to a distribution from a retirement plan

Or a person who holds an individual account, such as an Automatic Rollover IRA, a Missing Participant IRA or a 403(b)-retirement plan account, in which PenChecks Trust serves as the custodian

Secure your retirement today. We help reunite you with your money… find out more

I’m here because:

I want to claim an IRA that PenChecks Trust may be holding for me

I received a notice about a retirement plan distribution

My 403(b) or other retirement plan account was transferred to PenChecks Trust

I received a 1099-R or 5498 tax form

I’m searching for lost retirement funds left behind with a former employer

Secure your retirement today.

We help reunite you with your money.

FIND OUT MORE

Amplify

Simplify your business.

We put technology to work

Amplify

Set up retirement accounts, process benefits distributions and track funds.

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My Benefit Election (MBE)

Claiming your account?

We can help you

My Benefit Election (MBE)

The fast, intuitive, and easy-to-use benefit election site for participants.

CLAIM YOUR ACCOUNT

Amplify

Set up retirement accounts, process benefits distributions and track funds.

GET STARTED NOW

My Benefit Election (MBE)

The fast, intuitive, and easy-to-use benefit election site for participants.

CLAIM YOUR ACCOUNT

PenChecks Trust is a trusted independent provider of outsourced retirement plan payment processing services.

Years of Payment Processing Leadership and Industry Innovation

Big enough to handle your retirement plan distribution needs; small enough to care

Fast, friendly service

US-based customer experience support

Simple, predetermined and level fee structure for all our services

GET TO KNOW US

Plan Professionals

Fast. Accurate. Cost-Effective.

Solutions that Streamline and Simplify Your Payment Processing Administration.

Resolution Services

Uncashed Checks

Abandoned Retirement Plans – QTA

Distributions

Express Distributions

Premier Distributions

Plan Terminations

Recurring Benefit Payments

ESOP Distributions

Automatic Rollovers & Missing Participant IRAs

Automatic Rollovers IRAs for Ongoing Plans

Missing Participants IRAs for Terminating

Other Services

1099-R and Tax Payment Services

Participant Notification Service

Participant Search Service

Daily Death Audit Service

OUR SOLUTIONS

Individuals

Get Answers. Explore Options. Take Action.

Make smart decisions to grow your retirement income. Safe, secure online benefit elections.

FIND OUT MORE

WATCH THE VIDEOS

Benefit Elections

Claim Your Account

5498 Forms

1099-R Forms

In Payments Processed

In Distributions Processed

Plan Participants Served

Plan Professionals

Work Faster. Work Smarter. Grow Your Business.

We make it easy. Fast, friendly expert service.

TALK TO AN EXPERT

Individuals

PenChecks Trust helps reunite you with your money.

Secure your retirement today!

CLAIM YOUR ACCOUNT

Ready to get started?

I’m a plan professional

I’m an individual

Success Story

Blue Ridge ESOP Associates

Client Type: Retirement Administration and Services for ESOP Companies

OBJECTIVE: Assist a client in processing a large amount of distributions from a terminating ESOP within days of selling the company.

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In Distributions Proccessed in 72 Hours

In Our Clients' Words

"PenChecks is easy to work with, and provides very responsive, personalized service. I talked to the same person throughout the 403(b) plan cleanup process, which saved a lot of time because I didn’t have to bring someone else up to date every time I got on the phone with them."

- Dave Nelson, Retirement Plan Advisor, Colton Groome and Co.

VIEW THE CASE STUDY

"In addition to doing what they say they’re going to do, PenChecks is easy to work with. Their staff is very responsive, and they’re good with our clients. One of our core values is being responsive to clients, and we won’t work with a partner that doesn’t feel the same way. PenChecks makes our staff more efficient and our clients happy. That’s what I call a win-win relationship."

- Peter Shuler, Partner, Blue Ridge ESOP Associates

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"The PenChecks staff is fast and efficient. They’re very professional. And when I have a problem, they honestly care about getting it fixed. Working with PenChecks Trust provides a win-win outcome for Greenspan & Associates, Inc., and our clients by reducing our administrative workloads and ensuring that these tedious but important tasks are properly handled."

- Michele Zokaie, Documents Specialist, Greenspan and Associates, Inc.

VIEW THE CASE STUDY

Insight

Looking Back On 30 Years of PenChecks

Oct 14, 2024

Here we are in the middle of summer of 2024 and I am proud to announce that PenChecks Trust® is on track for another very successful year.

Avoiding the 401(k) Rollover “Mistake”

Oct 1, 2024

A recent Wall Street Journal article highlighted “The 401(k) Rollover Mistake That Costs Retirement Savers Billions.”

Upcoming Events

Nov 13-15 / Randug Users Conference

Join us at the RANDUG 2024 Annual Meeting. Hosted at the beautiful Sandpearl Resort in Clearwater Beach, FL

Nov 13-15 / Employee Owned Conference

The Employee Owned Conference, attended annually by more than 2,000 employee-owners, thought leaders, and professional advisors, is the largest ESOP conference in the world.