Innovation Timeline

Today’s Fast-paced Retirement Industry Demands Speed and Agility.

For over 25 years, PenChecks has led the way in marketplace innovation that helps Institutions, Third-Party Administrators (TPAs) and Plan Sponsors work faster and more efficiently.

Learn more about PenChecks:

PenChecks has set the standard for retirement distribution solutions that meet the needs of our ever-evolving industry.

2020

Launched Amplify, the new distribution processing platform that automates and streamlines the entire benefit payment workflow, making benefit processing faster and more efficient than ever.

2015

Rolled out an automatic distribution processing lead generation solution for brokers/advisors that does not require additional software or infrastructure

2012

Unveiled the new PenChecks Pay Portal (P3), the industry standard for online retirement plan distribution processing.

2010

Founded PenChecks Trust® Company of America.

2010

Introduced PenChecks Automated Solution for Abandoned Plans, a commercially available Qualified Termination Administrator (QTA) service for institutions.

2009

Designed the first ongoing Automatic Rollover/Missing Participant IRA reward program. Developed the nation’s first premier IRA fiduciary service that satisfied all DOL FAB 2004 – 02 (replaced by FAB 2014-01) requirements for the plan sponsor trustee.

2008

Launched the first independent online participant benefit election collection and processing website.

2007

Rolled out an automatic distribution processing lead generation solution for brokers/advisors that does not require additional software or infrastructure

2006

Created and launched BenePay, the first independent online benefit distribution processing software.

2005

Launched the National Registry of Unclaimed Retirement Benefits, a public service company dedicated to helping locate nonresponsive and missing plan participants.

2000

Developed the first Missing Distributee® service to facilitate stale-dated and uncashed participant distribution checks.

1998

Created the first Missing Participant IRA program in the U.S.

1995

Designed the first outsourced participant benefit election method for plan sponsors and TPAs.

1994

Established the first independent centralized lump sum, rollover and recurring benefit payment processing from any custodial source.

We Make it Easy.

Fast, friendly expert service.

We’re here to help. Call 800.541.3938 / Schedule a Free Consultation

Send this to a friend
Hi,
I saw this on the PenChecks Trust® website and thought you may be interested in this: https://penchecks.com/about/innovation-timeline/