PenServ

PenServ Plan Services, Inc. is a full-service, third-party administrator (TPA) offering retirement plan recordkeeping and administrative services, compliance testing, auditing, and document services to large and small for-profit and nonprofit employers, as well as tax-exempt governmental, educational, and religious institutions. PenServ guides each client through the plan design, education, and enrollment processes and relieves them of the daily challenges of plan administration and legal compliance.

The PenServ administration software gives advisors, sponsors, and participants 24/7 access to enrollment and educational systems, information on investment providers, and a variety of tools to manage retirement accounts. Amounts available for hardship and loans are captured and displayed in the system, and employees can receive immediate approval for distribution of available funds.