PenChecks Auto IRA's

[austin3515]

When forcing out people with less than 5K via auto rollovers, when you tell them you'll kick them out if they don't respond, do you tell them the IRA will be with Penchecks? Or is it the name of the actual custodian.

I'm curious how others have handled it.

[Jim Norman]

When forcing out people with less than 5K via auto rollovers, when you tell them you'll kick them out if they don't respond, do you tell them the IRA will be with Penchecks? Or is it the name of the actual custodian.

I'm curious how others have handled it.

Penchecks has formed Penchecks Trust Company of America, (PTCA), a wholly owned subsidiary of Penchecks, Inc., chartered by the state of South Dakota. As of Monday, 11/15/10, PTCA has adopted its new IRA document. New IRAs being established through Penchecks will now be held by PTCA as the actual custodian. So you can tell them PTCA if you want to be specific.

Full disclosure, I am a shareholder in Penchecks and director of both Penchecks and PTCA.

Jim

[austin3515]

Which makes you the PERFECT person to answer the question!

We love penchecks...

[Bill Presson]

When forcing out people with less than 5K via auto rollovers, when you tell them you'll kick them out if they don't respond, do you tell them the IRA will be with Penchecks? Or is it the name of the actual custodian.

I'm curious how others have handled it.

Penchecks has formed Penchecks Trust Company of America, (PTCA), a wholly owned subsidiary of Penchecks, Inc., chartered by the state of South Dakota. As of Monday, 11/15/10, PTCA has adopted its new IRA document. New IRAs being established through Penchecks will now be held by PTCA as the actual custodian. So you can tell them PTCA if you want to be specific.

Full disclosure, I am a shareholder in Penchecks and director of both Penchecks and PTCA.

Jim

This is great and we've been happy with the distributions, etc. we've done with Penchecks starting this year.

Not happy that you didn't return my email, though.

[Jim Norman]

This is great and we've been happy with the distributions, etc. we've done with Penchecks starting this year.

Not happy that you didn't return my email, though.

Thanks for the kind words. Uh oh, did I miss a message from you Bill? I'll give you a call.

[Bill Presson]

This is great and we've been happy with the distributions, etc. we've done with Penchecks starting this year.

Not happy that you didn't return my email, though.

Thanks for the kind words. Uh oh, did I miss a message from you Bill? I'll give you a call.

Thanks for the call, Jim. As I mentioned on the phone, it was just a little ribbing. Thought I was going to have to call in the big dogs for help, but the Penchecks people stepped up and solved the problem.

Appreciate the call and enjoyed getting caught up!