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Pentegra MEP Plan Participants Win $38M in Jury Trial
PLANSPONSOR; registration may be required 
Apr. 24, 2025 "[A] jury has found that fiduciaries of Pentegra's more than $2 billion Multiple Employer Defined Contribution Plan for Financial Institutions breached their fiduciary duties by paying unreasonable recordkeeping and administrative fees.... There are still allegations pending related to prohibited transactions, and those will be heard and decided by the court, not a jury." [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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