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View More Press Releases by Alliance Benefit Group

Press release:

Alliance Benefit Group Partners with an Industry Veteran

Issued by: Alliance Benefit Group

Date: July 24, 2018

Peoria, IL, July 24, 2018 - Alliance Benefit Group, LLC (ABG), is excited to announce a partnership with Penchecks Trust, a leader in outsourced distribution solutions for the retirement plan industry. Located in La Mesa, California, Penchecks Trust uses proprietary technology and more than two decades of industry experience to help companies like ABG save time and money by streamlining a variety of time-consuming administrative tasks.

"Most of the ABG member firms have already worked with Penchecks Trust in some capacity, and they know the high quality of products and services that are offered. I was pleased that we could work out a partnership between us." said Don Mackanos, President of Alliance Benefit Group, LLC. "As a national network of independent consulting firms serving retirement plan providers, we look forward to utilizing Penchecks Trusts' participant locator, uncashed checks and IRA program services to streamline and reduce our administrative workflow related to retirement distributions."

"We specialize in helping plan sponsors, third-party administrators, retirement plan advisors and financial institutions perform the myriad administrative tasks required to manage retirement plans," says Peter Preovolos, president and CEO of PenChecks Trust. "But what we really do is help these companies provide better service to their clients while focusing more time and resources on revenue-producing activities. We look forward to helping ABG's many members build stronger relationships with their clients by making it easier to do business with them."

For additional information on Alliance Benefit Group go to or contact Don Mackanos at

About PenChecks Trust
PenChecks Trust is a state-chartered, non-depository trust company and the largest independent provider of outsourced benefit distribution services and Automatic Rollover IRAs and Missing Participant IRAs in the U.S. With over 20 years in business, PenChecks Trust ( is an expert and industry-leading provider of unique and comprehensive solutions for a myriad of plan and distribution issues. Services include automated and branded solutions for benefit payments, benefit election processing, missing participant searches, Automatic Rollover IRAs, uncashed/stale-dated check resolution and Abandoned Plan/QTA Services. Customers include financial institutions, third-party administrators, plan advisors, and plan sponsors.

About Alliance Benefit Group
Alliance Benefit Group LLC (ABG), is a national organization of retirement plan, health and welfare consulting and benefit administration firms. Founded in 1991, ABG's unique structure allows its Members to maintain their independence and autonomy, yet provide all Members access to broader service offerings, sharing of best practices, and collaborative technical support. This collaboration has allowed its Members to grow more rapidly than industry counterparts, to where today ABG services 20,000 retirement plans and in excess of $70 Billion in assets. ABG's emphasis on high service standards and continuing education designations help its Members to be regularly recognized with industry awards and accolades.


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