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.
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
We make it simple.
Streamline and simplify your payment processing administration.
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.
The fast, intuitive, and easy-to-use benefit election site for participants.
The fast, intuitive, and easy-to-use benefit election site for participants.
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
Fast. Accurate. Cost-Effective.
Get Answers. Explore Options. Take Action.
Make smart decisions to grow your retirement income. Safe, secure online benefit elections.
Benefit Elections Claim Your Account
5498 Forms 1099-R FormsIn Payments Processed
In Distributions Processed
Plan Participants Served
We make it easy. Fast, friendly expert service.
Individuals
Secure your retirement today!
In Distributions Proccessed in 72 Hours
SECURE 2.0 Force Out Limit and Plan Audits
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.
From Service Provider to Fintech Partner – The New Direction for PenChecks
Almost 30 years ago PenChecks Trust® opened for business with the goal of solving retirement plan distribution problems for plan sponsors and third-party administrators.
October 22 – 25 / ASPPA Annual 2023
Gaylord National Resort & Convention Center / National Harbor, MDJoin our team at ASPPA Annual for four days of learning new strategies, re-connecting with your peers, expanding your network, and finding new solutions to run your business more effectively. Come by...
November 5 – 7 / Spark Forum
The Breakers / Palm Beach, FLJoin the PenChecks Team in Palm Beach for the 2023 Spark Forum and connect with your fellow executives in the Retirement Industry!