Press Release

PenChecks Trust Expands NextLevel IRA Platform with PGIM’s RetireWell Managed Account Solution

Issued by PenChecks Trust

Apr. 21, 2026

Enhancing personalized retirement outcomes through integrated managed account capabilities within NextLevel IRA

San Diego County, CA – PenChecks, a leading provider of retirement distribution solutions and IRA platforms, today announced a strategic enhancement to its NextLevel IRA (NLIRA) platform through a new partnership with PGIM, the global asset management business of Prudential Financial, Inc. This collaboration brings PGIM’s RetireWell™ Managed Account Solution to PenChecks’ Invest4U offering, further advancing the firm’s mission to deliver personalized, advisor-driven retirement outcomes at scale.

The integration of PGIM’s managed account solution into Invest4U expands the managed account marketplace available within NextLevel IRA, providing advisors and account holders with access to sophisticated, institutionally backed portfolio construction designed specifically for retirement investors.

“Bringing PGIM’s managed account solution into our Invest4U ecosystem is a natural next step in the evolution of NextLevel IRA,” said Scott Okrasinski, Chief Revenue Officer at PenChecks. “We are focused on removing friction from the rollover experience while simultaneously elevating the quality of outcomes for participants. This partnership allows us to deliver both, seamlessly.”

The NextLevel IRA platform is designed to help retirement plan service providers capture rollover opportunities, reduce plan leakage, and create a more connected participant experience. Through deep integration with recordkeeping systems and a fully digital onboarding process, NLIRA enables participants to transition assets into IRAs with personalized investment solutions aligned to their retirement goals.

With the addition of PGIM RetireWell™ Managed Accounts, participants can benefit from:

• Professionally managed portfolios tailored to retirement income and accumulation needs
• A disciplined investment framework backed by PGIM’s global investment expertise
• Seamless integration into the digital rollover and onboarding experience
• Ongoing portfolio monitoring and adjustments designed to adapt over time

“PGIM is committed to helping individuals achieve better retirement outcomes through innovative and scalable solutions,” said Tony Fiore, Head of DC Intermediary Sales at PGIM. “Partnering with PenChecks allows us to extend the reach of our managed account solution to a broader audience through a highly efficient and integrated IRA platform.”

This partnership builds on PenChecks’ broader strategy to create a flexible managed account marketplace within NLIRA, offering advisors and firms the ability to deliver differentiated investment experiences while maintaining operational efficiency.

As the retirement landscape continues to evolve, PenChecks remains focused on delivering solutions that align the interests of participants, advisors, and plan sponsors—transforming what has traditionally been a fragmented rollover process into a streamlined, value-driven experience.

About PenChecks, Inc./PenChecks Trust Company of America (“PenChecks”)

PenChecks Trust® is a leading provider of outsourced retirement plan distribution services, helping third party administrators, plan sponsors, recordkeepers, and advisors navigate complex distribution requirements.

ABOUT PGIM

PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), with $1.5 trillion in assets under management.¹ PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions—including fixed income, equities, real estate and other retail investment vehicles. With 1,500+ investment professionals across 37 offices in 20 countries, we serve retail and institutional clients worldwide. For more information, visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

¹ As of 31 Dec. 2025

Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.