Case Study
Case Study: Normandeau
By partnering with Normandeau Associates, PenChecks Trust resolved the administrative friction of processing annual employee stock ownership plan payments through its advanced distribution software. Faced with a lengthy, cumbersome process from their previous administrator, Normandeau required an automated solution to deliver timely distributions to hundreds of participants. PenChecks’ robust technology streamlined the entire final phase by efficiently collecting benefit elections, preparing checks, and automating tax withholding submission. This software integration completely eliminated labor-intensive manual reporting tasks for the staff. Ultimately, the system secured absolute peace of mind, dramatically optimized operational costs, and guaranteed that employee distribution payments co
