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Khan et al v. Board of Directors of Pentegra Defined Contribution Plan et al
Case Number:
7:20-cv-07561
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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December 03, 2025
Class Counsel Win $17.5M Cut Of Pentegra $48.5M ERISA Deal
A New York federal court gave its final sign-off to a $48.5 million settlement between Pentegra Retirement Services and employee 401(k) plan participants who alleged mismanagement, and also approved class counsel's request for a $17.5 million cut of that sum for attorney fees and litigation expenses.
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July 02, 2025
Pentegra Agrees To Pay $48.5M After $38.8M ERISA Verdict
A New York federal judge Wednesday preliminarily approved a settlement in which Pentegra Retirement Services agreed to pay nearly $10 million more than a $38.8 million jury verdict awarded to a 27,000-member class of 401(k) plan participants who challenged the plan's excessive administrative fees.
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May 05, 2025
Retirement Co. Settles 401(k) Fee Suit After $38.8M Verdict
A retirement services company agreed to resolve a class action claiming it loaded a multiemployer 401(k) plan with exorbitant administrative fees, according to a New York federal court filing, less than two weeks after a jury said the company should pay the 27,000-member class $38.8 million.
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April 23, 2025
Retirement Co. Hit With $38.8M Jury Verdict In ERISA Action
A New York federal jury Wednesday awarded a 27,000-member class of retirement plan participants nearly $38.8 million after finding that Pentegra Retirement Services violated federal benefits law by saddling a $2.1 billion 401(k) plan with excessive administrative fees.
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September 27, 2023
Retirement Services Co. To Face Jury Trial In ERISA Class Suit
A retirement services provider will have to face a jury trial in a lawsuit alleging it violated federal benefits law by saddling a $2.1 billion 401(k) plan with excessive administrative fees, a New York federal judge ruled while also certifying a 27,000-member class of retirement plan participants.