Plan Sponsors

Making timely distributions to plan participants is an essential part of any retirement plan – but it’s not your core business.

At PenChecks Trust®, we do distributions faster and more efficiently, so you can focus on what you do best.

We offer unique expertise in helping businesses of all sizes manage their plan distributions.

Call 800.541.3938 to speak with a Distribution Specialist today!

Solutions for Retirement Plan Sponsors

As the experts in retirement plan payment processing, we can make any kind of distribution on behalf of plan sponsors, including:
  • Lump sum
  • Rollover to another Qualified account
  • Automatic Rollover IRA
  • Missing Participant IRA
  • Recurring benefit payment
  • And many more

Using state-of-the-art technologies, we cost-effectively handle your retirement plan payment processing. This includes processing return of excess contributions.

Experts In Distributions and Terminating Plans

You may sponsor a retirement plan, but you’re not in the business of managing the complicated distributions that accompany them. So why not rely on the experts to safely perform this complex and highly regulated process for you?

Our specialists have the knowledge and experience to help you avoid costly mistakes for you and your plan participants. Whether you need to process a single distribution or terminate an entire plan, PenChecks Trust gives you peace of mind knowing that your distributions will be handled in an accurate and timely manner.

Let Us Do the Tax Payments and Filings For You

Incorrect tax filings and payments can result in costly fines and bureaucratic nightmares that can take months to correct. We:

  • Relieve you of these administrative burdens – and the associated risks – by reporting and remitting all required taxes from our trust account.
  • Save you time and money by working directly with the IRS so you don’t have to.

Save Time. Lower Costs. Reduce Risk. Call 800.541.3938 / Schedule a Consult.

Save Time with Digital Delivery

Tired of the time and expense of mailing paper distribution notifications and forms to plan participants? Our state-of-the-art processing technologies offer:

  • Fast, efficient electronic delivery of all participant distribution notices*
  • Simple online collection of benefit election information
  • More time for your staff to focus on high-value client needs
*We offer certified mail and express delivery options for participants who prefer paper forms.
On-Call Assistance
Got questions?

We answer them for plan sponsors and participants at no additional charge. Our toll-free call center is open every business day from 7:00 a.m. to 5:00 p.m. Pacific Time.

Call 800.541.3938 to speak with a Service Representative, or schedule an appointment.

We’ve Got You Covered.

Fast, friendly expert service.

Call 800.541.3938 / Schedule a Consult