ESOP Distributions Service
Cut Costs, Reduce Risk with PenChecks ESOP Payment Processing
Managing ESOP retirement plan distributions can be a complex, time-consuming process, especially when paying out terminated employees. PenChecks Trust® helps streamline and simplify this process with a comprehensive suite of ESOP distribution services. These include:
- Participant Searches
- Benefit Election Processing
- Participant Payment Distribution Processing (including diversification options)
- Tax Withholding and Reporting
- Automatic Rollover and Missing Participant IRA Programs
- Uncashed Distribution Check Service
- Dividend Payment Processing
Call 800.541.3938 to speak with a ESOP Distribution Specialist
Win-Win for You and Your Employee Owners
Our ERISA-compliant ESOP Distributions Service helps you:
- Work more efficiently by taking time-consuming administrative tasks off your plate
- Lower costs and improve productivity by minimizing interaction with participants
- Eliminate the need to write checks while avoiding exposure to tax withholding, payment and reporting penalties
- Free up time for your staff to focus on income-producing work
- Ensure your employee owners receive accurate distributions on time, every time
You care enough about your employees to make them part owners in the business. So why not provide them with the timely, accurate ESOP benefits distributions they deserve?
Get started, call 800.541.3938 today. Or, schedule an appointment online with one of our Retirement Distributions professionals.
Work Smarter
Learn how outsourced distribution processing can make your life easier.
Call 800.541.3938 to speak with our Distribution Experts today.