PenChecks Trust Company of America Client AgreementAmerica Client Agreement • October 10th, 2014 • California
This PenChecks Trust Company of America (“PenChecks Trust”) Client Agreement and the PenChecks Trust Statement of Services and Fees shall be known herein as the “Agreement” unless the context requires otherwise. This Agreement is entered into by and between the Plan Sponsor (“Sponsor”) or Plan Trustee and PenChecks Trust, a state-chartered, non-depository trust company regulated by the South Dakota Division of Banking in its capacity as a distribution processor. The terms of this Agreement are accepted by the Sponsor, Plan Trustee or its Authorized Representative on the date this Agreement is signed and Sponsor, Plan Trustee and/or its Authorized Representative completes the online registration process where the specific name of the Sponsor, Sponsor’s qualified plan, and Sponsor’s Authorized Representative such as its Third Party Administrator (“TPA”), Plan Trustee(s), and/or Plan Advisor are communicated to PenChecks Trust. When the Sponsor’s Authorized Representative is a duly appoin
