Millions of Dollars in Unclaimed Retirement Benefits

SAN DIEGO, May 11 /PRNewswire/ -- It happens all too often. An employee
changes jobs, moves, and fails to leave a forwarding address. They become a
"missing participant," and their account balance or accrued benefit in a
qualified retirement plan stays behind with their former employer.

"We currently have records of almost $151 million of unclaimed retirement
benefits. This is for over 58,000 missing participant retirement accounts. The
average balance is about $2,600," said Peter E. Preovolos, APA, RIA, AIFA,
President and CEO of PenChecks, Inc.

PenChecks has developed a simple solution to this complex problem - The
National Registry of Unclaimed Retirement Benefits - a nationwide, secure
database service that can match missing participants with their unclaimed
retirement benefits at former employers.

The process is highly automated. Any organization holding retirement funds for
missing participants can register online for free and create an account in a
couple of clicks. They then add the missing participant records to the
database. When one of those participants performs a free search in the
database, the organization receives an email notification.

"In this tough economy, we have seen unemployment and layoffs rise to new
highs. Employees who leave their jobs and move often forget to advise their
former employers of their new address. Companies can lose track of these
employees before they get paid any funds due from their 401(k) or Pension
Plans. The National Registry provides a service that enables the plan sponsor
to post missing participant account balances in a way that makes it easy for
former employees to get their unclaimed retirement benefits. This benefits
both the plan sponsors and former employees," says Preovolos.

To determine if they may be entitled to any unpaid retirement account
employees can search at: http://www.UnclaimedRetirementBenefits.com

About The National Registry of Unclaimed Retirements Benefits

The National Registry of Unclaimed Retirements Benefits is a wholly owned
subsidiary of PenChecks, Inc. The National Registry of Unclaimed Retirement
Benefits is a public service organization devoted to helping former employees
locate lost or forgotten benefits. This free service helps employers by
providing a place where they can easily list unclaimed former employee
retirement accounts. The National Registry is an Internet-driven database that
uses the highest standards of technology encryption to ensure the safety and
security of listed records and confidential participant searches.

About PenChecks, Inc.

Established in 1994, PenChecks is the most trusted and largest independent
provider of outsourced benefit distribution services in the U.S. With our
proprietary technology and expertise, we save our customers up to 60%-70% of
their staff time and 50% of their hard costs in processing distributions. Our
customers include Plan Providers, Plan Advisors, Third Party Administrators
and Plan Sponsors. In 2008, PenChecks handled over 44,000 distributions and
almost half a billion dollars of payments. For more information, please go to:
http://www.PenChecks.com

CONTACT:

Peter E. Preovolos, APA, RIA, AIFA
President and CEO, PenChecks, Inc.
619-462-7812
Peter.Preovolos@PenChecks.com

This release was issued through eReleases(TM). For more information, visit
http://www.ereleases.com.

SOURCE PenChecks, Inc.

Peter E. Preovolos, APA, RIA, AIFA , President and CEO of PenChecks, Inc.,
+1-619-462-7812, Peter.Preovolos@PenChecks.com