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Pentegra Pushes Back on MEP Plaintiffs' Claims
American Retirement Association [ARA] 
Apr. 12, 2021 " '[T]he defendants state that the 'plaintiffs offer no basis for their assumption that these plans are 'the same or similar' to the Plan ... and they are not. Each of these is a single-employer plan. Although a key benefit of a MEP is the possibility of gaining some economy of scale as compared to that achieved by each individual employer, a MEP does not enjoy the same economy of scale as a single-employer plan with the same amount of assets.' " [Khan v. Bd. of Directors of Pentegra Defined Contribution Plan, No. 20-07561 (S.D.N.Y. memo. in support of motion to dismiss, filed Apr. 1, 2021)] MORE >> |
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