ExpertPlan, FranFund, Pathways Financial, and Valley Pension Outsource Distributions and 1099R Processing to PenChecks, Inc.

SAN DIEGO, Nov. 29, 2010 /PRNewswire/ -- PenChecks, Inc. announced today that ExpertPlan, FranFund, Pathways Financial Partners, Inc., and Valley Pension Services, Inc. have all reached an agreement with PenChecks to handle their 1099R processing and distributions for their qualified plans including Balance Forward, Defined Benefit and 401(k) plans. PenChecks' expertise and proprietary technology makes time-consuming and complicated transactions simple for third party administrators, plan sponsors and financial service providers.

The PenChecks highly automated turnkey solution integrates seamlessly into their new partners' business process without any additional capital costs, hardware or software requirements. It reduces the time and costs required for administrative staff to handle all the aspects of distributions and 1099R processing.

"PenChecks is delighted to provide this important service. This is a true win-win for all parties concerned: for our new partners it saves them time and money and helps them focus on their core value to their customers," said Peter E. Preovolos, APA, RIA, AIFA, President & CEO of PenChecks, Inc.

About PenChecks, Inc.

Established in 1994, PenChecks is the most trusted outsourcer of benefits distributions in the U.S. Our experience has shown that we save our customers up to 60%-70% of their staff time and 50% of their hard costs in processing distributions. Our customers include Plan Providers, Plan Advisors and Third Party Administrators and Plan sponsors from small to large companies. In 2008 PenChecks handled over 44,000 distributions and almost half a billion dollars of payments. For more information, please go to: http://www.PenChecks.com

About ExpertPlan:

ExpertPlan is a leader in technology innovation focused exclusively on retirement plan services. We remain committed to helping clients drive the accumulation of retirement wealth for owners and employees through recordkeeping technology and personalized client service. For more information, please go to: http://www.expertplan.com

About FranFund:

FranFund provides a total funding solution for franchising and small business. FranFund has a portfolio of options for client's capitalization requirements including the FranPlan. For more information, please go to: http://www.franfund.com

About Pathways Financial Partners, Inc.:

Pathways Financial Partners, Inc. is an independent investment advisory firm based in Tucson, AZ, offering wealth advisory and retirement plan services for successful families and businesses. Pathways has been helping their clients for over 12 years and takes a team approach to helping clients make crucial life and business decisions. For more information, please go to: http://www.2pathways.com  

About Valley Pension Services, Inc.:

Established in 1999, Valley Pension Services, Inc. (VPS) is a consulting firm providing Third Party Administrative (TPA) services in the qualified retirement plan arena. Owned and operated by Sonia Casares, APA, and Diane J. Rovedatti, APA, VPS administers plans such as Pension, Profit Sharing, 401(k), Age Weighted, New Comparability (Cross Tested), Safe Harbor, Cash Balance, Prevailing Wage, and Defined Benefit Pension Plans. For more information, please go to: http://www.valleypension.com

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SOURCE PenChecks, Inc.