About Us

NextLevel IRA^® ›
The Simple, Easy to Implement Rollover IRA Platform.

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Retain More Assets with NextLevel IRA – A Smarter Way to Manage Rollovers

PenChecks is proud to introduce NextLevel IRA—an innovative, automated technology platform that streamlines the Rollover IRA process.

Specifically designed to help reduce the negative impact of plan leakage, NextLevel IRA empowers Financial Advisors and Recordkeepers to capture more rollovers, retain and grow assets, and support account holders in saving for retirement.

The IRA Solution That Fits Any Size Account.

Until now, participants with low-balance accounts had limited options to save for retirement. NextLevel IRA’s technologically advanced traditional IRA solution is designed to meet a wide range of needs regardless of account balance. Advisors and Recordkeepers can retain clients and attract new ones by efficiently handling low-balance accounts and providing a range of investment options based on participants’ income and retirement goals.

From Cash-Out to Smart Investing.

The complexity of transferring a company-sponsored retirement plan account to a traditional IRA drives millions of participants to opt for a cash-out distribution rather than investing their account funds. NextLevel IRA offers streamlined IRA solutions, strong client support, informative dashboards and an open architecture that enables the creation of automated custom portfolios and personalized retirement strategies.

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Why PenChecks?

For over 30 years, PenChecks’ mission has always been to make life easier for plan sponsors and retirement plan administrators by simplifying retirement distributions. As part of our transformation to a fintech service partner we’ve expanded our custodial and trustee services so Advisors, Recordkeepers and institutional service providers can use our technology, products, and services to better serve their clients. With NextLevel IRA, we take this to the next level by offering a best-in-class traditional IRA solution for Advisors and Recordkeepers so they can offer a compelling retirement option to individuals leaving their plans. This not only helps our clients, it also helps maintain a more robust retirement ecosystem.

We believe that creating opportunities to level the playing field helps individuals invest more wisely and makes our industry stronger. Our goal with NextLevel IRA is to reach all retirees in their quest to build ample retirement savings. NextLevel IRA offers plan sponsors more options to help their employees save for retirement. It enables Advisors and Recordkeepers to compete with large institutions. Most important, it helps individuals make smarter investment decisions to grow their retirement savings, which benefits us all.

Let PenChecks Make Your Life Easier.

Use NextLevel IRA to grow your business with new clients or build your nest egg with personalized retirement strategies.

Call us at 877-267-4721 to get started today.