ABOUT: PenChecks Trust Company of America (PenChecks Trust) is a state-chartered, non-depository trust company and the largest independent provider of outsourced benefit distribution services and Default/Missing Participant IRAs in the country. With 20 years in business, PenChecks Trust is an expert and industry-leading provider of unique and comprehensive solutions for a myriad of trust resolution issues. Services include automated and branded solutions for benefit payment processing, uncashed/stale dated checks, Abandoned Plan/QTA services and Taxable Savings Accounts. Customers include financial institutions, third party administrators, plan advisors, and plan sponsors. www.PenChecks.com
External link for PenChecks Trust
8580 La Mesa Boulevard
Suite 101
La Mesa, CA 91942, US
Reminder to get those applications in. Kevin Spaeth Scott Okrasinski
🎓 Dreaming of becoming a QKA®, QKC®, QPA™, or CPC™? Don't miss the ASPPA & PenChecks Trust Scholarship! There are 14 scholarships up for grabs, covering all costs to kickstart your credential journey. Apply by Sept 16th and shape your future in #retirementplanning: https://ow.ly/ch4o50SSeTK
💼 Advisors: Supercharge Your Practice with NextLevel IRA! 💼 Unlock the power of NextLevel IRA – Your All-in-One Growth Engine – designed to streamline your workflow, enhance client engagement, and drive growth. Empower your business with cutting-edge Fintech solutions that deliver results. Let's take your advisory services to the next level! 🚀 #FinancialAdvisors #Fintech #IRA #WealthManagement #BusinessGrowth #NextLevelIRA #Advisors #FinancialPlanning #ClientEngagement #AutomatedSolutions Kevin Spaeth Steve Wagoner Wes Schevers, MBA Scott Okrasinski Spiro Preovolos
🌧️ It might have rained 3 out of 3 times, but nothing could dampen the incredible spirit at our annual client event in Saratoga Springs, NY! From hitting the greens to enjoying "A Day at the Races," every moment was filled with laughter, connections, and the promise of lasting partnerships. Here's to making memories and forging bonds that will stand the test of time. 🏌️♂️🏇 #ClientEvent #SaratogaSprings #GolfAndRaces #PartnershipsForLife #MemoriesInTheRain #UnforgettableMoments #PenChecks Scott Okrasinski Steve Wagoner Spiro Preovolos Tim Loehr Cristina Stanton Wes Schevers, MBA
PenChecks Trust reposted this
We're excited to show appreciation for another one of our 2024 User Group Conference sponsors, PenChecks Trust! Penchecks Trust provides a comprehensive suite of retirement distribution services to institutions, TPAs, advisors and sponsors. Thank you for sponsoring and joining us in the Windy City. Come meet our incredible vendors in Ballroom D and make the most of your conference experience. We can't wait to see you there!
PenChecks Trust reposted this
As part of the Clean Up Crew, I help TPAs help their clients keep their retirement plans clean and running efficiently. Let us help your clients increase their average account balance and decrease their fiduciary risk.
Head up to the Last Frontier to attend the ESOP Association Fall Conference. You can attend my session. I'll be presenting on the afternoon of October 10th. PenChecks Trust can help streamline your ESOP distributions
Tomorrow, AUGUST 1 is the last day to lock in the early bird registration rate for our Fall Conference in Anchorage! We have fantastic conference program and speakers lined up for this event! Learn more here: https://lnkd.in/g-Z2iDFu
🚀 Exciting New Blog Post Alert! 🚀 Discover how leveraging start-up tax credits can boost your business and referral sources! 📈💼 🔗 Check out our latest post by Brian Furgala: "Leveraging Start-Up Tax Credits to Gain Business and Increase Referral Sources." Learn how you can make the most of SECURE 2.0's expanded tax credits to create a win-win for you and your partners. 🌱📊 🌟 Key Points: 1. Target eligible employers and promote the benefits of start-up tax credits. 2. Maximize the tax credit limit for significant savings. 3. Integrate tax credits into your marketing plan to attract new clients. Read more and start growing your business today: https://buff.ly/3WJ2wy7 #BusinessGrowth #StartUpTaxCredits #ReferralSources #SECUREAct #RetirementPlans #FinancialGrowth #SmallBusiness #TaxSavings #FinancialAdvisors #BusinessStrategy #PenChecksTrust Brian Furgala Spiro Preovolos Scott Okrasinski Steve Wagoner Kevin Spaeth Tim Loehr Laurie Kemp John Maury, CPA Cristina Stanton
Streamline your plan termination process with PenChecks Trust’s Premier Distribution service! 🏦✨ Focus on helping your clients wrap up their plans while we handle the rest: 📋 Comprehensive participant search 📬 Participant notifications via mail or email 📞 Call Center and participant portal support 💼 Seamless IRA rollovers with NextLevel IRA 📜 Automatic IRA rollovers for non-responsive participants 🔍 NRURB registration for each IRA 💸 Tax reporting, withholding, and payments managed 📊 Full online visibility of all distributions Our service is Field Assistance Bulletin 2014-01 compliant for plan terminations. Make plan terminations hassle-free with PenChecks Trust! #PlanTermination #RetirementPlans #IRA #FinancialServices #PenChecksTrust #ClientSupport #RetirementSolutions #PlanDistributions #FieldAssistance #FinancialPlanning Scott Okrasinski Spiro Preovolos Steve Wagoner Kevin Spaeth Tim Loehr Laurie Kemp John Maury, CPA Wes Schevers, MBA Cristina Stanton Blendi Behluli Junior Soto
🎓 Now is the Time to Apply for Your Scholarship! 🎓 PenChecks Trust® is proud to announce the 10th anniversary of the PenChecks/ASPPA scholarship program. Over the past decade, ASPPA has received hundreds of applications and awarded scholarships to more than 70 high-potential candidates, along with their first year of ASPPA membership – all funded by PenChecks. PenChecks has always been committed to industry excellence and was the first to sponsor scholarships for the benefit of individuals and our industry as a whole. We believe that educated professionals make our industry stronger and better able to serve our customers. Applications for this year’s scholarships will be accepted starting on July 1, 2024, and must be submitted no later than September 16, 2024. Fourteen scholarships are available to individuals pursuing ASPPA’s Qualified 401(k) Administrator (QKA®), Qualified 401(k) Consultant (QKC), Qualified Pension Administrator (QPA), and Certified Pension Consultant (CPC) credentials. Don’t wait to advance your career. Click to submit your application today: https://buff.ly/4bsKrIQ #ScholarshipOpportunity #PenChecksTrust #ASPPA #CareerAdvancement #IndustryExcellence #QKA #QKC #QPA #CPC #ProfessionalDevelopment #ApplyNow #EducationMatters #FinancialServices #RetirementPlanning ASPPA Benefits Council of the Great Northwest ASPPA Benefits Council of the Greater Twin Cities Kevin Spaeth Scott Okrasinski Spiro Preovolos Tim Loehr Laurie Kemp John Maury, CPA Brian Furgala Cristina Stanton Blendi Behluli Junior Soto
📢 Simplify Your ESOP Retirement Plan Distributions with PenChecks® 📢 Participant distributions for ESOP (Employee Stock Ownership Plan) retirement plans are often more complex and time-consuming than non-ESOP plans. PenChecks’ comprehensive ESOP Distribution Services (Diversification Payments, Installment, Stock Buy Back, etc.) can make life easier for you and your staff. PenChecks enables your team to work more efficiently by performing time-consuming administrative tasks for you. Our services include benefit election and participant distributions processing, tax withholding and reporting, Automatic Rollover/Missing Participant IRA processing, and more. We even resolve uncashed distribution checks for you! See our complete menu of services. Our services can help lower costs, improve productivity, and reduce risk by helping you avoid exposure to tax withholding, payment, and reporting penalties. Safe, simple, and compliant, our ESOP Distribution Services will transform the way you handle participant distributions. PenChecks can also help resolve urgent ESOP distribution issues. Read the Case Study on how PenChecks’ ESOP services assisted a client in processing a large amount of distributions from a terminating ESOP within days of selling the company. Whether you need immediate help with an ESOP distribution issue or want to streamline your distribution process on an ongoing basis, PenChecks is at your service. #PenChecks #ESOP #RetirementPlan #DistributionServices #FinancialServices #TaxCompliance #Productivity #Efficiency #AdministrativeSupport Junior Soto Blendi Behluli Cristina Stanton Scott Okrasinski Steve Wagoner Kevin Spaeth Laurie Kemp Tim Loehr John Maury, CPA