Premier Distributions Service

The Turnkey Solution for Your Payment Processing Needs

Are you a Plan Sponsor or Third-Party Administrator (TPA) looking to lighten your administrative workload? PenChecks Trust can help with our Premier Distributions Service.

A complete retirement plan distribution solution, Premier Distributions efficiently manages your payment processing options from benefit elections to 1099-R forms – including participant outreach. You save time and money while reducing fiduciary risk. Your staff will have more time to focus on higher value-added activities for your clients.

Premier Distribution includes all the services in our basic Express Distributions Service. We also handle the entire participant outreach and communication for you:

  • Participant searches
  • Mailing of benefit election packages
  • Managed call center for participants with questions
  • Dedicated online benefit election website focusing on the participant experience
  • Customizable workflow to meet deadlines and ensure all required efforts are made to connect with participants
Call 800.541.3938 to speak with a Payment Processing Specialist today!
Save Time by Minimizing Participant Interaction
Premier Distributions helps reduce your administrative workload by making it easy for plan participants to provide the information needed for timely distributions. We:
  • Inform participants of pending distributions
  • Provide them with 24/7 access to our secure My Benefit Election site

To make it easy for plan participants, our Benefit Election Website walks them through a step-by-step process for providing the required information and making their elections. Participants simply log into the site, review their account details, and select their preferred distribution option.

Participants can also:

  • Opt to roll their money over to another qualified retirement account
  • Opt to receive a cash lump sum distribution
  • Digitally sign for and submit their benefit elections
  • Request to perform benefit elections by mail if they prefer
To learn more about how Premier Distributions can make your work life easier, call 800.541.3938 today. Or, schedule an appointment online with one of our Payment Processing professionals.

Sign Up for PenChecks’ Premier Distributions Service Today!

Create an online processing account. There is no fee to register, and it only takes a few minutes to complete.

Forward plan assets for distribution to PenChecks Distribution Trust. Check and wiring details provided at login.

Enter payment processing distribution requests online. Requests can be made one at a time or via bulk upload.

For further assistance, call our Client Service Center at 800.541.3938.
Work Smarter

Learn how outsourced distribution processing can make your life easier.

Call 800.541.3938 to speak with our Distribution Experts today.