Retirement Plan Archives - PenChecks Trust

‘Find me the Money:’ The MAJOR Unclaimed Retirement Benefits Problem, and What to Do About It

by B. Furgala | Feb 6, 2024 | Blog

Retirement benefits that go unclaimed is a major—and growing—problem, with recent headlines putting the total amount of lost or forgotten assets well north of a trillion dollars.

Why State Retirement Plans Are Good for America’s Workers and Private Sector Plans

by B. Furgala | Jan 29, 2024 | Blog

Here we are at the end of another very successful year for PenChecks. 2023 will be another year of record company growth for us in every key financial metric.

Topics

Time Is Running Out To Utilize Forfeiture Relief (And How To Avoid Lawsuits)

Forfeiture lawsuits have been in the news a lot lately. It may have you second-guessing what to discuss or do for clients and built-up forfeitures in their retirement plans.

How To Avoid Submitting Any Information To The DOL Lost and Found Database

Late last year, the Department of Labor’s (DOL) Lost and Found Database came into existence as required by SECURE 2.0.

You Can Transfer Balances of $1,000 or Less to State Unclaimed Property Funds, But Should You?

Sometimes the timing or content of agency guidance is head-scratching. The Department of Labor’s (DOL) Field Assistance Bulletin (FAB) 2025-01 fits in both categories. The timing is odd as it references reports from 2019 and 2014 to support its current day relevance....

SECURE 2.0 in 2025: Here Comes a Big Plan Design Change (And Be Ready to Help with Small Balances)

Where did 2024 go?! Hard to believe that we are closing in on 2025 and another round of SECURE 2.0 provisions is coming online.

Optimal Plan Design for Using PenChecks Services

You’ve heard us loud and clear. You know that using Automatic Rollover IRA services from PenChecks Trust® can help you and your clients save time and money.