By partnering with Angell Pension Group, PenChecks Trust resolved the major administrative friction of processing complex retirement distributions through its advanced software solutions. Managing diverse benefit elections, uncashed checks, and missing participants had severely strained Angell's internal processing capacity. PenChecks’ automated software streamlined the operation entirely, providing a centralized system that automated tax withholding, institutional remittances, and regulatory compliance reporting. This technology took labor-intensive, error-prone tasks off the staff's plate while ensuring full transaction visibility. Ultimately, the software integration drastically reduced plan administration costs, accelerated distribution turnaround times, and granted the third-party adm

Join for free to read