Press Release

Application Period Opens for 11th Annual PenChecks/ASPPA Scholarship Program

Issued by ASPPA [American Society of Pension Professionals & Actuaries]

July 1, 2024

ASPPA and the PenChecks Trust Company of America are pleased to announce that the application period has opened for 11th Annual Pencheks/ASPPA Scholarship Program for ASPPA’s credentials, including the QKA, QKC, QPA, and CPC.

Since the inauguration of the program, ASPPA has received hundreds of applications and awarded more than 70 high-potential candidates with a scholarship and their first year of ASPPA membership— funded by PenChecks.

Launched in 2014, the scholarship is designed to cover the expenses associated with course registration and materials necessary to attain ASPPA credentials such as the Qualified 401(k) Administrator (QKA), Qualified 401(k) Consultant (QKC), Qualified Pension Administrator (QPA) or Certified Pension Consultant (CPC).

“Well-trained professionals are essential to sustaining excellence in the retirement industry," Spiro Preovolos, President and CEO of PenChecks Trust, said. "PenChecks is proud to continue our partnership with ASPPA and support their educational programs because we believe that developing highly skilled professionals plays a key role in helping America’s workers achieve better retirement outcomes. The growing number of applicants each year reinforces the importance of these scholarships in maintaining ongoing innovation and thought leadership in our industry.” 

Applications Accepted

The application period for the 2024 PenChecks Trust ASPPA Scholarship opened on July 1. 

The 2024 PenChecks Trust ASPPA Scholarship will be awarded to 14 individuals who make the most compelling case for how the prestigious ASPPA designations will enhance their careers in the retirement plan industry. The scholarship will cover the expenses associated with course registration and materials necessary to attain the credential. 

Once the credential is earned, PenChecks Trust also will sponsor the recipient’s first year of ASPPA membership. 

The 2024 recipients will be announced at the 2024 ASPPA Annual Conference.

“It is critically important that industry professionals maintain a high level of proficiency,” Brian Graff, CEO of the American Retirement Association and Executive Director of ASPPA, noted. 

APPLICATIONS FOR THIS YEAR’S SCHOLARSHIP OPEN ON JULY 1 AND ARE DUE NO LATER THAN SEPT. 16.

FOR ADDITIONAL INFORMATION, VISIT ASPPA-NET/PENCHECKS-SCHOLARSHIP-PROGRAM HERE.

About PenChecks Trust

PenChecks Trust® is a state-chartered, non-depository trust company and one of the largest independent providers of outsourced benefit distribution services and Automatic Rollover IRAs and Missing Participant IRAs in the U.S. With 30 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 and Missing Participant IRAs, Advisor Managed Traditional IRA Accounts, uncashed / stale-dated check resolution and Abandoned Plan / QTA Services. Customers include financial institutions, recordkeepers, third-party administrators, plan sponsor, advisors, and participants.

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