PenChecks Names a New East Region Sales Director

September 2, 2011 ( – Pension distribution services provider PenChecks, Inc. has hired Michael Jorgensen as its East Region Sales Director.


According to a press release, Jorgensen will be principally focused on business development and client relationship opportunities.  He brings more than 15 years of experience in the qualified retirement plan market having been responsible for business development and sales activities for several retirement servicing organizations including Schwab, WyStar, and InvestLink.

“With his years working in the retirement space, Mike has a keen understanding of the issues facing organizations providing 401(k) recordkeeping, trading, and administration products to their clients.” says Peter Preovolos, President of PenChecks. “We believe he will be instrumental in helping PenChecks establish new partner relationships as we continue to expand our east coast presence” he added.

Established in 1994, PenChecks provides institutional solutions for retirement plan distributions, class action settlement payments, and other arrangements that require compliance management and high volume processing efficiencies.  In 2010, PenChecks processed nearly half a billion dollars in distribution payments, according to the firm.

More information is available at