In a major class action under the Employee Retirement Income Security Act (ERISA), employees and retirees secured a $38.7 million jury verdict against the Pentegra Services Inc. retirement plan.

The court found that Pentegra breached its fiduciary duties by charging excessive administrative fees—a significant ruling in favor of plan participants.

📄 Case: Imran Khan v. Bd. of Dirs. of Pentegra Defined Contribution Plan, No. 20-CV-07561 (PMH), 2023 U.S. Dist. LEXIS 171827 (S.D.N.Y. Sep. 26, 2023)

💬 If you believe your retirement plan is being drained by unreasonable fees, Berman Legal LLC is here to help. Reach out today to evaluate your rights and protect your future.