Third-Party Administrators & Plan Consultants
Third-Party Administrator Solutions and Payment Processing Services
Processing retirement plan distributions can put a burden on your business by reducing productivity and increasing administrative costs. PenChecks Trust® makes life easier by taking time-consuming (but necessary) payment processing tasks off your plate.
We streamline the entire benefits distribution process, so you can focus on adding value to your clients and growing your business.
Call 800.541.3938 to speak with a Distribution Specialist today!
Solutions for TPAs
- Rely on us to contact plan participants
- Eliminate the need to become expert in 1099-R and other IRS filings
- Eliminate burdensome tax time and end-of-year work
- Free up your staff to focus on higher-value activities
You can stop worrying about whether plan sponsor clients are properly handling tax payments because we process them for you!
Retirement Plan Payment Processing Services:
Friendly, Personalized Service
Our TPA and plan consultant services come with a level of customer service you might not expect. We:
- Provide one point of contract throughout our relationship with you
- Assign an experienced account executive to oversee your account
- Work directly with your plan sponsor clients when needed
- Tailor our services to meet your distribution needs
Streamline. Simplify. Satisfy.
PenChecks Trust helps reduce your workload and improve service to your clients by handling payment processing and monitoring in one simple online application.
- We process multiple types and sizes of distributions on your behalf
- No hardware or software to buy or maintain
- Eliminate the need for paper
- Avoid the inefficiency of training employees on how each of your institution or custodian clients operates
You get one simple, repeatable process to handle your payment processing needs in a timely, cost-effective manner. It doesn’t get much easier than this.
For example, our technology integration with Pension Pro, a premier provider of workflow management software, automates time-consuming data entry processes for TPAs. PensionPro clients who also have a PenChecks Trust account can initiate a distribution in PensionPro and automatically send the data to us without having to rekey the data.