Cardinal Pension Group Picks PenChecks

September 20, 2010 ( - PenChecks, Inc. has announced that it will handle all of the 1099R processing and distributions from Balance Forward, Defined Benefit and certain types of 401(k) plans for Cardinal Pension Group. 

Cardinal Pension Group is an independent employee benefits firm that provides administrative, actuarial and consulting services for qualified retirement plans.

According to an announcement, the PenChecks proprietary technology “drives a solution that integrates seamlessly into Cardinal Pension Group’s business process without any additional capital costs, hardware or software requirements and staff”.  PenChecks says its technology reduces the time and costs required for administrative staff to handle all the aspects of 1099R processing and distributions.