BLOG POST
Get Smart
About Optimal Plan Design

Optimal Plan Design for Using PenChecks Services

By Brian Furgala / Senior Director of Retirement Services Strategy, PenChecks Trust®, ERISA Attorney

Attention plan TPAs, plan sponsors, recordkeepers and advisors – are you interested in growing your business by making your plans less costly, more efficient, and easy to process force-out distributions? Would you like to simplify your plan, avoid future audits and provide better plan pricing? You can meet these objectives by creating the optimal plan design for force-out distributions. Read Brian Furgala’s latest blog post to find out more.

Furgala is an expert plan designer with a great approach to describing the benefits of force-out distributions.

These include:

  • Maximizing small balance force-out distributions
  • Taking advantage of the $7,000 force-out limit
  • Knowing which small-balance force-outs can exceed $7,000
  • Utilizing the Automatic Rollover IRA for balances of $1,000 or less
  • Leveraging force-out distributions at normal retirement age

Submit the form below to GET ACCESS to the blog post NOW!

Required*

Big Benefits for You and Your Clients!

Combining Furgala’s plan design recommendations with PenChecks services results in a seamless process that allows you or your clients to benefit from lower fees, decreased operational errors, and limited fiduciary risk. Furgala’s recommendations can be added to plan documents with a simple amendment, freeing up time for you to focus on higher value-added activities.

PenChecks helps you with all these things so your clients can benefit from them as well. From participant distributions and Automatic Rollover IRAs to uncashed check resolution, tax reporting, filing and more– we make the process of removing terminated employees’ balances from your plan an efficient and compliant process.

ACT NOW! Read the blog post. Redesign your plan. Achieve GREAT results.

We are committed to keeping your personal information confidential. We do not sell, rent, or lease our contact data or lists to third parties, and will not provide your personal information to any third party individual, government agency, or company at any time unless compelled to do so by law.

401 E 8th Street, Suite 305, Sioux Falls, SD 57103 / Call Toll-free: 800-541-3938 / Email PenChecks Trust

©2022 PenChecks. All Rights Reserved. PTCA-2024107