PenChecks Trust

10/17/2024

Meet the PenChecks Team at ASPPA Annual!

Be sure to stop by Booth #601 to learn how PenChecks Trust® can help clean up your retirement plan for 2024 with our comprehensive suite of services.

See you October 20-23 at the Hyatt Regency Orlando! https://buff.ly/2ZjAI8t

10/16/2024

🚀 Celebrating 30 Years of Innovation and Impact! 🎉

From a small group of TPAs looking to solve a common pain point to a trusted leader in the retirement services industry, PenChecks has come a long way. Founded in 1994 by my father, Peter Preovolos, we’ve grown into a fintech partner with nearly 150 employees, driven by our commitment to excellence, creativity, and reuniting people with their hard-earned money.

Here’s to another 30 years of listening to our clients, innovating, and making a positive impact! 🌟

👉 Read more about our journey: https://buff.ly/3U7F9wM

10/11/2024

Join ASPPA Benefits Council Dallas for an insightful all-day workshop on Monday, November 4th at the Park City Club in Dallas, TX. Industry expert Brian Furgala, ERISA attorney and Sr. Director of Retirement Services at PenChecks Trust, will lead discussions on the latest developments and missed opportunities in M&A activity, complexity reduction, and ethics. Don't miss this chance to stay ahead in the industry!

📍 Park City Club, 5956 Sherry Lane, Ste 1700, Dallas, TX (8 am - 3:30 pm)

https://is.gd/kYaBUU

09/27/2024

Happy Friday! 🎉 The Plan Termination Webinar is quickly approaching! 📅 Join us on October 1st at 11 AM PST for a FREE webinar you won’t want to miss. Brian Furgala will be diving deep into the intricacies of plan terminations, a must-know as we approach the year’s end. 📊 Don’t miss this chance to gain valuable insights! https://us06web.zoom.us/webinar/register/3017262471484/WN_Szfb456lSyGh03rThdE3GQ

09/13/2024

📢 Join Our FREE Live Webinar: Plan Terminations with Brian Furgala! 📢

Are you involved in terminating a company-sponsored retirement plan? 🤔 Don’t let it become a painstaking task! Join PenChecks for a FREE webinar and learn how to navigate plan terminations efficiently and in full compliance with rules and regulations. 📝✅

Why Attend?
📊 Gain essential “how-to” knowledge on terminating defined contribution (DC) or defined benefit (DB) plans.
📝 Learn about document, notice, and filing requirements for DC and DB plans.
🔄 Understand operational steps, including allocation/accruals, vesting, and distributions.
⚠️ Recognize the impact of a partial termination.

Who Should Attend?
✔️ RIAs, Recordkeepers, TPAs, Accountants, Attorneys, and Consultants
✔️ Owners, C-suite Executives, and Managers

Webinar Details
🗓 Date: Tuesday, October 1, 2024
⏰ Time: 11:00 a.m. PT | 2:00 p.m. ET
👤 Presenter: Brian Furgala, Senior Director of Retirement Services Strategy, PenChecks

Earn CE credit and avoid costly mistakes! 💸 Register now – it’s quick and easy!

👉 Register Today! https://buff.ly/3XSBRQl

08/13/2024

💼 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.

👉 Schedule a Demo Today: https://buff.ly/3SGLFJR

Empower your business with cutting-edge Fintech solutions that deliver results. Let's take your advisory services to the next level! 🚀

Empower your clients, Elevate your practice. NextLevel IRA, your all-in-one growth engine › Schedule a demo Manage Smarter,Serve Better. Welcome to NextLevel IRA, the game-changing solution from PenChecks Trust® designed for Financial Advisors and Recordkeepers. Our powerful platform streamlines ...

07/30/2024

🚀 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

Referrals are a leading source of revenue for many TPAs and recordkeepers. Financial advisors, payroll companies, accountants, and attorneys can all help drive business to you. With the expansion of the start-up tax credits in SECURE 2.0, new retirement plans can be advantageous for both you and you...

07/16/2024

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!

07/02/2024

🎓 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

07/02/2024

ASPPA and the PenChecks Trust Company of America are pleased to announce that the application period has opened for the 11th Annual Pencheks/ASPPA Scholarship Program for ASPPA’s credentials, including the QKA, QKC, QPA, and CPC.

Learn more: https://ow.ly/H3eH50Sthzc

06/26/2024

📢 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.

06/20/2024

📢 New Blog Release Alert! 📢

Excited to share our latest blog: "Top 5 Differences Between a 401(k) Plan and a Pension Plan – With a Fashion Twist" by Brian Furgala, Senior Director of Retirement Services Strategy for PenChecks Trust®.

👔💼 Defined contribution plans (aka 401(k) plans) are the current “fashion style” for employer-sponsored retirement plans, but defined benefit plans (aka pension plans) are still popular and might be making a comeback. Which is the better style for your business and your employees?

Brian Furgala dives into the top 5 differences between these plans, with a fun fashion twist! 👗👞 Discover insights on:

Benefit determination
Retirement income responsibility
Employer contributions
Distribution options
Administration complexity and costs
Learn why these differences matter and how they impact your employees. With Brian’s extensive experience as an ERISA attorney and senior executive, this blog is a must-read!

Read now: https://buff.ly/3XwXw0A