Kitchener, Ontario, Canada — [December 17, 2025] — Penad Pension Services Limited, a leading provider of pension administration software and services across Canada, is proud to announce it has been honoured with the 2025 5-Star Technology Award from Benefits and Pensions Monitor. This recognition celebrates organizations that demonstrate excellence, innovation, and customer impact in the benefits and pension technology sector.
The 5-Star Technology Award recognizes companies that deliver solutions that enable plan sponsors, administrators, and members to operate more efficiently, transparently, and securely. Penad’s selection reflects its ongoing commitment to building powerful, intuitive pension administration platforms that adapt to the industry’s evolving needs.
“We are thrilled to be named a 5-Star Technology Award winner,” said Matthew Price, CEO of Penad Pension Services Limited. “This recognition affirms the value of our technology-driven approach to pension administration and our dedication to delivering tools that make managing retirement benefits simpler, smarter, and more effective for every stakeholder.”
Penad’s award-winning technology supports organizations across multiple plan types—including defined benefit, defined contribution, hybrid, and complex multi-employer plans—helping administrators streamline operations while ensuring regulatory compliance and data accuracy. With a strong focus on security, automation, and user experience, Penad continues to invest in innovation that keeps its clients ahead in a rapidly changing landscape.
As the largest baby boomer cohort transitions into retirement, the ongoing retirement wave is poised to intensify. This development underscores the need for systems that provide readily accessible information and enable timely, well-informed decisions.
“We’re proud to support the Canadian pension community with solutions that combine deep industry expertise and advanced technology,” added Price. “This award from Benefits and Pensions Monitor motivates us to keep pushing boundaries in service, innovation, and digital transformation.”
While this award highlights Penad’s strength in delivering powerful software solutions, it is equally important to recognize the breadth of its service offerings. Penad also provides third-party administration, pension plan consulting, and actuarial services.
Benefits and Pensions Monitor’s 5-Star Technology Awards are based on rigorous industry research and feedback from pension and benefits professionals, making this recognition a meaningful reflection of Penad’s impact on the market.
About Penad Pension Services Limited
Penad Pension Services Limited is a Canadian leader in pension administration systems and services, delivering comprehensive solutions for public- and private-sector organizations across Canada and internationally. With decades of industry experience and a commitment to innovation, Penad helps clients navigate the complexities of retirement benefits with accuracy, efficiency, and confidence.