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PenChecks, Inc. Onboards New East Regional Director

by | Mar 16, 2023

SAN DIEGO, CA, March 24, 2023 – PenChecks, Inc., parent company of PenChecks Trust®, a leader in innovative retirement plan distribution solutions, is pleased to announce the addition of Tim Loehr as the company’s East Regional Director. Loehr brings 15 years of financial services and retirement plan experience to the PenChecks Regional Director team. His responsibilities include working with Third Party Administrators, plan sponsors, financial advisors and consultants to provide distribution solutions that reduce risk, lower administrative costs, and increase efficiency.

Loehr began his career with John Hancock Financial Services, selling variable and fixed annuities before transitioning to the retirement plan side of the business. He soon received a promotion to Sales Director, where he managed a sales team located in Boston and Atlanta. Prior to joining PenChecks, Loehr served as a Regional Sales Director for Northwest Plan Services (a Raymond James company), where he sold large, complex types of retirement plans.

“Tim has the right background and experience to serve our customers well,” says Spiro Preovolos, President and CEO of PenChecks. “He also has two traits that we look for in everyone who comes to work for PenChecks – excellent problem-solving skills and an innate desire to help people. As East Regional Director, he will focus on making the distribution process and other retirement plan services easier and more efficient for clients on the East Coast from Maine to Georgia.”

Loehr holds a Bachelor of Science degree in Marketing from Providence College and an MBA from Boston College. He currently serves on the Young Professionals Executive Committee of the Genesis Foundation For Children which provides funding for clinical, informational, and therapeutic programs for children born with physical and intellectual challenges and genetic disorders.


About PenChecks Trust

PenChecks Trust is a state-chartered, non-depository trust company and one of the largest independent providers of outsourced Benefit Distribution Services in the U.S. With almost 30 years in business, PenChecks Trust is an expert and industry-leading provider of unique and comprehensive solutions for a myriad of plan and distribution issues. Services include automated and branded solutions for benefit payments, benefit election processing, missing participant searches, Automatic Rollover and Missing Participant IRAs, uncashed/stale-dated check resolution and Abandoned Plan/QTA services. Customers include Institutions, Third-Party Administrators, and Plan Sponsors, Advisors, and Participants.

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