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ERISA Excessive Fee Self-Dealing Suit Targets Pentegra MEP
planadviser; registration may be required
Sept. 18, 2020 "Comparing Pentegra's plan to another large MEP, the complaint notes that the other plan uses an outside recordkeeper and paid an average of $80 per participant. 'Pentegra's 2018 average per participant fee of approximately $388 for similar 'contract administrator' services was 485% higher,' the complaint states." [Khan v. Bd. of Dir. of Pentegra Defined Contrib. Plan, No. 20-7561 (S.D.N.Y. complaint filed Sep. 15, 2020)] MORE >> |
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