Case Study
Case Study: Blue Ridge
By partnering with Blue Ridge ESOP Associates, PenChecks Trust eliminated the intense administrative friction of handling high-volume payouts during a rapid client company sale. While Blue Ridge is an industry leader in third-party administration, processing a massive surge of sudden distributions exceeded their standard internal capacities. PenChecks’ automated software streamlined the high-stakes project by efficiently collecting participant benefit elections, automating tax withholding, and processing thousands of lump-sum and rollover payments under tight deadlines. This technology took labor-intensive compliance reporting entirely off staff plates. Ultimately, the software integration guaranteed rapid execution, prevented costly deal delays, and delivered an exceptionally fast, secure
