PenChecks Trust Company of America (PenChecks Trust) and the American Society of Pension Professionals & Actuaries (ASPPA) have announced the opening of applications for the QKA Scholarship Program for ASPPA’s Qualified 401(k) Administrator (QKA) credential program.
Launched in 2014, the PenChecks Trust ASPPA QKA Scholarship will again be offered this year to acknowledge six individuals who make the most compelling case for how the prestigious QKA designation will enhance their careers in the retirement plan industry. The scholarship, which has been offered to 30 individuals since its introduction, is designed to cover the expenses associated with course registration and materials necessary to attain the QKA credential.
Once the credential is earned, PenChecks Trust will also sponsor the recipient’s first year of ASPPA membership. The total value of each scholarship, including ASPPA membership, is $2,140. This year’s recipients will be announced on Nov. 30.
“In a complex and constantly changing retirement plan environment, it is critically important that industry professionals maintain a high level of proficiency,” said Brian Graff, CEO of the American Retirement Association and Executive Director of ASPPA. “The newly redesigned QKA credential was developed with that in mind, and we appreciate PenChecks’ continued commitment to this scholarship program as a way of bringing focus to the importance of the QKA credential.”
“Sponsoring the QKA scholarship was the brainchild of PenChecks founder, my father, Peter Preovolos. We’ve always believed that well-trained professionals are essential to sustaining excellence across the retirement industry, and we are proud to continue this legacy” said Spiro Preovolos, CEO of PenChecks Trust. “Each year, the increasing number of applicants reinforces our belief that developing qualified industry ambassadors will lead to continued industry innovation and thought leadership – two core values at PenChecks.”
Applications for this year’s scholarship will be accepted between October 2 and November 10 and must be accompanied by a letter of recommendation. For more information about the PenChecks ASPPA QKA Scholarship and how to apply, visit https://www.asppa-net.org/penchecks-scholarship.
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