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Are You Giving Good Advice Regarding Uncashed Pension Checks?

By Peter E. Preovolos, CEO, PenChecks Trust The Department of Labor (DOL) and IRS have been, for lack of a better word, unclear on its guidance to pension plan sponsors and third party administrators (TPAs) when it comes to uncashed pension checks. These checks, while cut, have not been received – let alone deposited – by individual participants. ...
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Are You Prepared For Industry Compression?

By Peter Preovolos   In case you haven’t noticed, the retirement plan third-party administrator (TPA) industry is shrinking. In the past 10 years, the number of TPA providers serving the market has significantly declined as the smaller firms either voluntarily exit the space or get driven out by larger, more scale-efficient competitors. ...
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What the 401(k) Supreme Court Decision Means to Plan Trustees

By Peter E. Preovolos, President, PenChecks Trust The U.S. Supreme Court recently rendered a decision that could greatly impact retirement plan trustees. For TPAs, this decision provides an opportunity to add additional value to your plan trustee clients. But first let’s look at the decision. On May 18, the Supreme Court held that fiduciaries who ...
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