Press Release Archives - PenChecks Trust

PenChecks, Inc. Hires New Director of Retirement Services Strategy

by PenChecks Trust | Nov 22, 2023 | News & Press

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.

PenChecks, Inc. Hires New Senior Director of Product Management

by PenChecks Trust | Aug 17, 2023 | News & Press

PenChecks Trust®, a recognized leader in outsourced retirement plan distribution solutions, is pleased to announce Ron Kaplan as their new Senior Director of Product Management.

PenChecks, Inc. Hires New West Regional Director

by PenChecks Trust | Jul 7, 2023 | News & Press

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

PenChecks, Inc. Onboards New East Regional Director

by BlmLLC | Mar 16, 2023 | News & Press

PenChecks, Inc., parent company of PenChecks Trust®, a leader in innovative retirement plan distribution solutions, is pleased to announce the addition of Tim Loehr as the company’s East Regional Director.

PenChecks Statement on the Recent Activity in the Banking Sector

by Spiro G. Preovolos | Mar 13, 2023 | News & Press

As you undoubtedly know, the past few days have been stressful and highly eventful in the banking world. The failure of three banks, Silicon Valley Bank (SVB) and Silvergate Bank, in California, and Signature Bank…

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).

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.

Topics

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.

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.

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...

Embrace Artificial Intelligence or Get Left Behind

Artificial Intelligence is all the rage in business talks, influencer marketing, and company press releases. Having completed many cross-industry AI & Automation implementations, I have seen first-hand how the technological trajectory in all industries, including payroll and benefits administration, is changing with increased adoption and implementation of AI and Automation.