PenChecks Archives - PenChecks Trust

A Year to Remember

by PenChecks Trust | Jul 27, 2020 | Blog

To paraphrase the words of President Franklin Roosevelt, “2020 is a year that will live in infamy”. We’re only halfway through the year, yet the COVID-19 pandemic has already shaken our world in ways nobody could have foreseen…

PenChecks Names Spiro Preovolos New CEOPenChecks Founder to Retire After 25 Years of Innovation and Success

by PenChecks Trust | Jun 10, 2020 | News & Press

The Board of Directors for PenChecks, Inc., a leading provider of retirement plan distribution services, announced today that company President Spiro G. Preovolos has been elected as the new CEO.

Core Values: The Secret to Successfully Working Remotely

by PenChecks Trust | Jun 1, 2020 | Blog

The COVID-19 pandemic has turned everyone’s world upside down – especially for companies that have been forced to work remotely.

PenChecks® is here for you during the COVID-19 pandemic

by PenChecks Trust | Mar 24, 2020 | Blog

The COVID-19 virus is disrupting business in ways none of us could have anticipated. During this difficult time, PenChecks is fully prepared to support you in keeping your business operating as smoothly as possible.

PenChecks and Cyber Security: We’ve Got Your Back

by PenChecks Trust | Jan 13, 2020 | Blog

At PenChecks Trust™ we’re in the business of providing solutions to the retirement plan industry. Most of those solutions involve payment processing services and the care and administration of missing participant assets.

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Topics

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

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.

U.S. Supreme Court Rules On Fiduciary Responsibilities

Are plan fiduciaries protected from excessive fee lawsuits just because they offer participants a menu of investment funds that includes some low-fee investment choices? Or are plan sponsors and other fiduciaries required to do more than that?

PenChecks Named a San Diego Top Workplace

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.

Zero Trust: The New Cybersecurity Paradigm

Cybersecurity technologies and methods used to protect a company’s data have significantly evolved over the last two decades. Unfortunately, so have the cyber criminals (hackers) who relentlessly pursue the riches to be made from stealing personal information and other sensitive data.

PenChecks Opens New Call Center to Improve Phone Support

A year ago at this time, most of us were just starting to come to terms with the disruptions at home and in the workplace caused by the COVID-19 pandemic. Halfway through 2021, it looks like we’re finally starting to turn the corner in restoring a sense of normalcy in our lives and our businesses.

SECURE 2.0 Force Out Limit and Plan Audits

The Economic Growth and Tax Relief Reconciliation Act of 2001, better known as EGTRRA, was signed by President Bush on June 7, 2001. EGTRRA made significant changes to income tax, capital gains tax, and estate and gift tax laws.

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.

PenChecks, Inc. Hires New West Regional Director

PenChecks Trust®, a recognized leader in outsourced retirement plan distribution solutions, is pleased to announce Kevin Spaeth as their new West Regional Director.

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…