PenChecks Trust Company of America (PTCA)
PenChecks Trust Company of America (PTCA) is a wholly owned subsidiary of PenChecks, Inc, an expert and industry leader in qualified retirement plan distributions. We specialize in providing unique outsourcing services related to the processing of benefit payments and the administration and management of default / missing participant IRAs for institutions, traditional IRAs and Taxable Savings Accounts.
Since 1994, PenChecks, Inc. has pioneered distribution processing solutions for plan sponsors and retirement plan professionals. Today, we are the largest independent processor of retirement plan benefit distributions in the United States. PenChecks Trust Company of America (PTCA) is a privately owned non-depository trust company and is not affiliated with any bank or financial institutions. PTCA is regulated by the South Dakota Division of Banking. PTCA provides trustee, custodial and limited investment advisory services for PenChecks, Inc. Employee Benefit Distribution Trust, IRA programs, and Taxable Savings Accounts. Our mission is to compliment a closely-knit team of professionals dedicated to helping financial institutions, third party administrators, actuaries and plan sponsors manage benefit distribution processes and automatic forced cash-outs from qualified ERISA Plans. Our vision is to be the preferred independent trust company for clients specializing in the qualified and non-qualified market, especially as it relates to benefit processing and forced cash-outs.
Address: 201 South Philips Avenue, Suite 204, Sioux Falls, South Dakota 57104, USA
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