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:

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:

Secure your retirement today.

We help reunite you with your money.

Amplify
Simplify your business.
We put technology to work
Amplify

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

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.

Amplify

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

My Benefit Election (MBE)

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

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

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
Individuals

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 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.

Individuals

PenChecks Trust helps reunite you with your money.

Secure your retirement today!

Ready to get started?
I’m a plan professional
I’m an individual
Success Story
Crowe LLP
Client Type: Global Accounting Firm
OBJECTIVE: Assist a client in processing a large amount of distributions from a terminating ESOP within days of selling the company.

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.

"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 and Head of ESOP Practice, Crowe LLP

"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.

Insight

How to Fight Back Against Social Engineering Hackers

Have you or your business fallen victim to a social engineering scam? Are you concerned about having sensitive client data stolen from your computer network by a cyber hacker? If so, you’re not alone, as cyber security has become an ever-growing threat to individuals and companies around the globe.

SSRA and RSSA: The Next Step in GID (Getting It Done)?

I learned a long time ago that laws can be like sausage. They may look great but you don’t want to see them being made.1 That may also help explain how we get some of the unusual, sometimes pithy acronyms used for new legislation.

Upcoming Events

May 22 – 25 / NIPA NAFE Amplified

New Orleans, LouisianaThis year the NIPA NAFE Amplified Conference will be live and in person! Explore the latest industry trends for business growth and productivity. The PenChecks Team will be there and we look forward to connecting!

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