The fast, intuitive, and easy-to-use benefit election site for participants.
Powered by PenChecks, MyBenefitElection.com puts you in control of your payment elections. We want to make the process simple, easy and transparent. From selecting a payment method to tracking the status of your distribution, MyBenefitElection.com carefully outlines your options at every step of the process.
With MyBenefitElection.com, you can:
- View your benefits
- Quickly update personal information
- Follow a guided flow to submit payment instructions
- Select your desired tax withholdings (if allowed)*
- Choose from multiple payment methods
- Create a private, secure password to easily log back in to monitor the status of your distribution
- Have full transparency of your distribution status
Why is PenChecks Processing Your Distribution?
Many times, employers and retirement plan service providers designate PenChecks Trust as the retirement account custodian for former employees that are entitled to a distribution. As a custodian, PenChecks processes your distribution or establishes an Automatic Rollover IRA on your behalf, ensuring compliance with applicable DOL and IRS regulations until you claim your funds.
Looking for your money? Penchecks can help you find it. Get started today!