PENCHECKS
14 known aliases resolved via the canonical alias map
Market position · 2024
Plans served20-2 YoYRank #706 of mapped providers
Assets under administration$753M0.0%Market share · rank #4420
Fees received$348,304Median $10,757/planSum across Schedule C direct + indirect
Net wins YoY+012 won · 12 lostPlan-level switch detection
Plans served · 5-year trajectory
Market-share plans percent annotated. Bar height is raw plan count.
Customer-base shape
What does a typical PENCHECKS plan look like?
Service mix · median fees per plan
Count of plans where PENCHECKS ships each service code, and the median compensation they report under it.
| Service | Plans | Median fees | Distribution |
|---|---|---|---|
Other services; Direct payment from the planCode 49 | 6 | $9,331 | |
Distribution (12b-1) feesCode 63 | 5 | $10,919 | |
Trustee (bank, trust company, or similar financial institution); Direct payment from the planCode 21 | 3 | $27,262 | |
Recordkeeping and information management (computing, tabulating, data processing, etc.)Code 15 | 2 | $8,963 | |
Claims processingCode 12 | 1 | $8,145 | |
Contract AdministratorCode 13 | 1 | $46,145 | |
Direct payment from the planCode 50 | 1 | $11,574 | |
Other feesCode 99 | 1 | $26,235 |
Competitor overlap
Percent of PENCHECKS's plans that also list each competitor on Schedule C. High numbers = co-living partners; low numbers = direct displacement targets.
Plans won in 2024
Appeared this year; did not appear last year under PENCHECKS.
| Sponsor | From | Assets |
|---|---|---|
CCI SYSTEMS, INC.MI · 382356585-002 | (new plan) | $169M |
BOZZUTO'S, INC.CT · 060606469-001 | THE BANK OF NEW YORK MELLON | $50M |
MERITAN, INC.TN · 620674655-001 | PENSION BENEFIT GUARANTY CORPORATIO | $22M |
VISITING NURSE ASSOCIATION HEALTH GROUP, INC.NJ · 222500029-100 | SEELAUS ASSET MANAGEMENT | $17M |
PAGE SOUTHERLAND PAGE, INC.TX · 464258046-003 | ISSACKS & ASSOCIATES | $13M |
EBA ENGINEERING, INC.MD · 521242613-002 | (new plan) | $1M |
ESKATON PROPERTIES, INC.CA · 942906316-001 | GALLAGHER FIDUCIARY ADVISORS, LLC | $740,828 |
DESERT FINANCIAL CREDIT UNIONAZ · 860096740-001 | BRINKER CAPITAL | $5,803 |
APS HOLDING COMPANY, INC.OH · 834715626-002 | ALERUS FINANCIAL, N.A. | $0 |
ORCHARD CHILDREN'S SERVICES, INC.MI · 382712084-001 | (new plan) | $0 |
Plans lost in 2024
Appeared last year under PENCHECKS; not this year.
| Sponsor | To | Assets |
|---|---|---|
MINNESOTA TWINS, LLCMN · 411519609-002 | AMERICAN FUNDS | $38M |
ECM HOLDING GROUP, INC.WI · 451664669-003 | ACUMEN WEALTH ADVISORS | $5M |
FIRST ALARMCA · 942882805-002 | ESOP PARTNERS LLC | $2M |
RIVERCAP HOLDINGS, LLCOH · 471706405-002 | (new plan) | $699,955 |
HEAVY CONSTRUCTION SYSTEMS SPECIALISTS, INC.TX · 760242109-002 | (new plan) | $369,465 |
COMMANDER HEALTH CARE FACILITIES, INC.SC · 570401768-001 | (new plan) | $1,644 |
Top plans by assets
Searchable full list lands with the commercial layer.
| Plan | Assets | Participants | Fees | Tenure | Flags |
|---|---|---|---|---|---|
HATCO CORPORATIONWI · 390913489-005 | $291M | 861 | $7,175 | 2y | - |
CCI SYSTEMS, INC.MI · 382356585-002 | $136M | 976 | $32,225 | 2y | - |
KING KULLEN GROCERY CO., INC.NY · 110954404-006 | $66M | 457 | $46,145 | 3y | - |
ST. LUKES CORNWALL HOSPITALNY · 141340054-003 | $51M | 927 | $27,262 | 9y | - |
BOZZUTO'S, INC.CT · 060606469-001 | $50M | 1,518 | $12,988 | 4y | 1 |
APPLIED INFORMATION SCIENCES, INC.VA · 521237004-003 | $44M | 609 | $8,145 | 2y | - |
WILLIAM A GRAHAM COMPANYPA · 231570876-004 | $33M | 261 | $11,745 | 2y | - |
MERITAN, INC.TN · 620674655-001 | $24M | 274 | $10,296 | 2y | - |
VISITING NURSE ASSOCIATION HEALTH GROUP, INC.NJ · 222500029-100 | $18M | 227 | $7,404 | 2y | - |
ESTWING MANUFACTURING COMPANY, INC.IL · 361049360-001 | $18M | 301 | $10,919 | 7y | - |
Flag exposure
95.0%Market: 89.2%
This provider
Market baseline
Share of this provider's plans tripping any deterministic red flag this year. Lower than market baseline = better risk surface.
Aliases resolved (14)
Raw Schedule C names collapsed into PENCHECKS.
- PEN CHECKS
- PENCHECKS
- PENCHECKS EMPLOYEE BENEFIT DIST TRU
- PENCHECKS INC EMPLOYEE BEN DIST TRU
- PENCHECKS INC.
- PENCHECKS TRUCT COMPANY OF AMERICA
- PENCHECKS TRUST
- PENCHECKS TRUST CO OF AMERICA
- PENCHECKS TRUST CO. OF AMERICA
- PENCHECKS TRUST COMPANY
- PENCHECKS, INC
- PENCHECKS, INC.
- PENCHECKS, INC. EMPLOYEE BENEFIT DI
- PENCHECKS, INCORPORATED
Book composition by plan size
Bars stack to total plans served; segments use the same asset cutoffs as the /retirement size filter. Up-and-to-the-right on the bigger segments = moving up-market.
Under $5M$5-50M$50-250M$250M-1B$1B+
Compliance posture vs market
Per-flag share for PENCHECKS's book against the same flag's overall prevalence across all filings. Negative delta = under-indexed (cleaner book); positive = elevated risk surface.
| Flag | Plans flagged | Provider % | Market % | Delta |
|---|---|---|---|---|
| Recently terminated | 6 | 30.00% | 7.76% | +22.24 pp |
| Fidelity bond gap | 0 | 0.00% | 26.94% | -26.94 pp |
| Late contributions | 1 | 5.00% | 1.71% | +3.29 pp |
| Failed to provide benefit | 0 | 0.00% | 0.14% | -0.14 pp |
| Corrective distributions | 0 | 0.00% | 1.76% | -1.76 pp |
| Loss discovered | 0 | 0.00% | 0.00% | -0.00 pp |
New-plan formation share
Share of plans filing for the first time each year that landed with PENCHECKS. Compare to the incumbent market share (0.0%) - higher = winning new business, lower = coasting on existing relationships.
0.0%-0.0 pp vs incumbent