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  •  PenChecks, Inc.

    PenChecks, Inc. is "the nation's largest independent qualified benefit distribution processing organization." PenChecks, Inc. automates the distribution processing from your retirement plan. Distributions can be transferred to accounts anywhere in the world via checks or by an electronic format. Withholding taxes are electronically processed and tax reporting forms completed. This is a fully integrated distribuiton processing service that can make lump-sum distributionsand periodic annuity payments.

    Any retirement plan will at some point need to make a distribution to a participant who has terminated employment, retired or passes away. In addition, many plans will need to electronically file withholding taxes from distributions that were paid out. Processing these participant distributions can be costly and time consuming.

    PenChecks, Inc. can process participant distributionsat less cost and can provide the withholding services at a lesser fee. Through PenChecks, Inc. the tax reporting forms are automaticaly prepared at the end of the year. The custodian of this service will process the withholding taxes and PenChecks, Inc. will provide all the forms. They will also provide electronic processing of the withholding taxes.

    If after looking around you would like more information, feel free to send us e-mail, or call us.

     Contact Information:

    Pentec, Inc.
    72 Queen Street
    PO Box 653
    Southington, CT 06489
    Phone: (860) 628-2555
    Fax: (860) 628-5155

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