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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.

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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
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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.

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"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

SECURE 2.0 Force Out Limit and Plan Audits

Aug 4, 2023

The Economic Growth and Tax Relief Reconciliation Act of 2001, better known as EGTRRA, was signed by President Bush on June 7, 2001. EGTRRA made significant changes to income tax, capital gains tax, and estate and gift tax laws.

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