PenChecks, an independent provider of outsourced retirement distribution processing services, has appointed Mike McWherter as chief compliance officer. He will oversee all compliance issues, supervise regulatory audits and coordinate between outside corporate counsel and ERISA counsel.

McWherter has more than 20 years of combined corporate law and ERISA plan compliance experience.  Previously, he served as vice president and chief compliance officer at Memphis-based First Mercantile Trust Company, where he designed, implemented and guided company-wide compliance programs for qualified ERISA plans.