PenChecks Archives - PenChecks Trust

Culture Drives Top Workplace for PenChecks

by Spiro G. Preovolos | Dec 9, 2022 | Blog

For the second year in a row PenChecks Trust® has been recognized as a Top Workplace in the San Diego UnionTribune’s annual “Top Workplaces” survey. We are proud to receive this award…

New PenChecks, Inc. COO Aims For Operational Excellence

by PenChecks Trust | Nov 28, 2022 | News & Press

PenChecks, Inc., parent company of PenChecks Trust®, a leader in innovative retirement plan distribution solutions, is pleased to announce the addition of Alexandra Gerritsen as the company’s new Chief Operating Officer (COO).

Avoiding Improper Retirement Plan Distributions: The DOL and the Good, the Bad and the Ugly

by Mike McWherter | Aug 18, 2022 | Blog

One of the challenges of administering a retirement plan is the timely and proper payment of distributions to plan participants. This responsibility occurs in more than one context, and can have a number of “facts and circumstances” variations.

PenChecks VP Named President of Western Pension & Benefits Council Orange County Chapter

by PenChecks Trust | Aug 15, 2022 | News & Press

Tom Drosky, Western Regional Vice President for PenChecks Trust®, a leader in outsourced retirement plan distribution services, has been named President of the Western Pension & Benefits Council (WP&BC) Orange County Chapter.

SSRA and RSSA: The Next Step in GID (Getting It Done)?

by Mike McWherter | Mar 16, 2022 | Blog

I learned a long time ago that laws can be like sausage. They may look great but you don’t want to see them being made.1 That may also help explain how we get some of the unusual, sometimes pithy acronyms used for new legislation.

PenChecks®, Inc. Looks to the Future With New Chief Technology Officer

by PenChecks Trust | Feb 28, 2022 | News & Press

An experienced technologist, Peace previously worked with a number of successful startup firms, including several in fintech, helping them develop the technology tools and systems to fuel their rapid growth.

PenChecks Named a San Diego Top Workplace

by PenChecks Trust | Jan 24, 2022 | Blog

PenChecks Named a San Diego Top Workplace for 2021 in the San Diego Union-Tribune’s (UT San Diego) annual “Top Workplaces” contest. And now, thanks to our awesome employees, all of San Diego will know about it.

Recurring Benefits Payment Services – One Pager

by PenChecks Trust | Dec 30, 2021 | Brochures + One Pagers

Qualified Termination Admin (QTA) Services – One Pager

by PenChecks Trust | Dec 30, 2021 | Brochures + One Pagers

National Registry of Unclaimed Benefits – One Pager

by PenChecks Trust | Dec 30, 2021 | Brochures + One Pagers

« Older Entries

Next Entries »

Topics

From Service Provider to Fintech Partner – The New Direction for PenChecks

Almost 30 years ago PenChecks Trust® opened for business with the goal of solving retirement plan distribution problems for plan sponsors and third-party administrators.

The Pros and Cons of Artificial Intelligence in the Financial Services Industry

Artificial Intelligence (AI) is a rapidly growing field with the potential to revolutionize the financial services industry. In recent years, AI has been used extensively in financial services to improve the customer experience, streamline operations, and identify fraud.

SECURE 2.0 Provides New Tools to Assist Plan Participants In Crisis

The primary goal of retirement plans is to provide income at retirement, but defined contribution plans have been permitted to make some distributions while participants are employed. The most common form of distribution to participants who are younger than age 59 ½…

Five Things You Need to Know When Switching Recordkeepers

There are few things more disruptive to the peace or clarity of a 401(k) plan than a switch in recordkeepers, even when the change is instigated by a regular, thoughtful, focused evaluation of the alternatives.

Protect Your Business With A Cyberattack Incident Response Plan

A cyberattack on your business is like a serious auto accident. It only happens to someone else – until it happens to you. Fortunately, several initiatives can help prevent or significantly reduce your organization’s chance of becoming a cyberattack victim.

SECURE 2.0 in 2024: One Change Lowers Plan Costs, Offsetting Potential Costs of Other Changes

Do your New Year’s resolutions include understanding SECURE 2.0 provisions effective in 2024? You’re in luck! Below is a summary of certain provisions included in SECURE 2.0 that become effective this year.

PenChecks, Inc. Hires New Director of Retirement Services Strategy

PenChecks Trust®, a recognized leader in outsourced retirement plan distribution solutions, is pleased to announce Brian Furgala as their new Senior Director of Retirement Services Strategy.

Economic Group Pension Services (EGPS)

Company Situation:EGPS assists plan sponsors and TPAs with plan terminations, including processing more than 1,000 terminated participant distributions each year. Some of the terminations involve large numbers of participant distributions, others are small plans....

Normandeau Associates, Inc.

Company Situation:An environmental consulting firm headquartered in Bedford, New Hampshire, Normandeau Associates became an ESOP company in 2000 and has been 100% employee owned since 2012. With 250 participants in the ESOP, the company struggled to process the annual...

Blue Ridge ESOP Associates

Company Situation:As the largest independent ESOP and 401(k) third-party administration and recordkeeping firm, Blue Ridge works with ESOP and 401(k) plans ranging in size from 10 to over 30,000 employees. Although their services include distribution services, Blue...