Save Time, Reduce Risk with PenChecks Trust® Distribution Solutions
PenChecks offers a comprehensive end-to-end retirement plan distribution process that keeps you compliant while meeting your retirement distribution needs.
Call 800.541.3938 to speak with a Distribution Specialist today!
PenChecks can lighten your administrative load with innovative distribution services that free up your staff to spend more time serving your customers.
Payment Processing Services
Turnkey solutions to streamline and simplify the administration of your distribution processing.
Trust Resolution Services
Simple, comprehensive solutions to alleviate liability around managing uncashed checks and abandoned plans.
Cost-effective, ERISA-compliant processes for handling missing and nonresponsive participant assets.
Sometimes you just need help with one task, such as participant searches, participant notifications or 1099-R processing. We perform these and other services quickly and efficiently so you don’t have to.
Retirement Distributions You Can Trust
PenChecks offers fast, affordable retirement distribution solutions to make your benefit processing simple and efficient. We help you process payments on time, locate missing participants, establish Automatic Rollover or Missing Participant IRAs, and more.
We use proven cybersecurity procedures to protect your personal information as if it were our own. Our distribution systems and services are audited on a regular basis, including an annual SOC I – Type 2, SSAE-18 audit to verify our strong security procedures and protocols. We are also subject to routine Bank Examinations for Safety and Soundness.