For over 25 years, PenServ Plan Services, Inc. ("PenServ") has delivered an extensive array of technical products and services to the retirement plan field that includes technical consulting, prototype retirement plans and training programs for investment professionals, employers and practitioners. The PenServ consulting group handles clients’ questions via a telephone hotline service, publishes periodic newsletters, offers a selection of technical manuals written in manuscript format with thousands of authoritative citations, and assists plan sponsors with compliance reviews and complex correctional procedures. More than 1100 major banks, mutual fund companies, brokerage firms, broker-dealers, plan administrators and investment advisors rely on PenServ for answers to complex questions and compliance with IRS and DOL regulations. Additionally, PenServ provides extensive technical training programs attended each year by more than 2,500 retirement plan managers, service representatives, brokers and practitioners. In the mid-1990's, PenServ added daily recordkeeping services that include voice response, participant and plan sponsor Web access, electronic trading and participant communications/enrollment programs. Each of our principals has over 20 years’ experience in retirement plan consulting and administration.

PenServ is certified as a Women’s Business Enterprise by the WBE National Council. Additionally, our firm is audited annually by an independent CPA firm to ensure that all processes and transactions are Level II SAS-70 compliant. This report is generally used by auditors of the employer to provide assurance that funds and participant records are handled according to written standards and approved methods.

As a Third Party Administrator, PenServ services more than 2,000 retirement plans, ranging from 1 participant to 25,000 participants, including qualified plans, 401(k)s, 403(b)s, 457(b) and 457(f) plans, and SEPs and SIMPLE IRAs.

PenServ’s consulting division can assist in correcting plan failures (including submitting under the IRS/DOL correction procedures); draft customized plan documents; perform internal reviews of employers or financial institutions retirement plan procedures; take care of all of your training needs, whether you are the employer or for financial institutions.