What is the class action claim?

The Pentegra Defined Contribution Plan for Financial Institutions (“Pentegra”) allegedly violated the Employee Retirement Income Security Act (“ERISA”) by seeking to maximize its profits at the expense of the participants in the plan.  Defendants allegedly loaded the Pentegra plan with high-cost investment products charging employee participants millions of dollars per year in excess fees to boost its own profits at the expense of employee participants. The lawsuit seeks to recover the excessive fees charged to employee participants over the past 6 years and to obtain injunctive and other equitable relief for employee participants as a remedy for Pentegra’s violations of ERISA. 

Who can join this class action?

Any current or former employees who also participated in the Pentegra Defined Contribution Plan for Financial Institutions anytime during the past 6 years.

Is there any cost to me?

No.  All plaintiff attorneys are litigating this case on a contingency fee basis.

What if I signed a severance agreement with a release of claims?

Severance agreements generally cannot prevent you from being part of a class action or a being a class representative in this type of case.  Please contact us if you have more questions on your specific severance agreement.

How can I help &/or participate?

    1. We are interested in reviewing documents you can download from the Pentegra Defined Contribution Plan for Financial Institutions website: 

  • Summary Plan Description (SPD)
  • Annual Fee Disclosure
  • Statements – Please feel free to redact any personal data

Please email to mk@mk-llc.com or fax to 646-546-5755.

  1. Refer other current or former employees who were or are participants in the Pentegra Defined Contribution Plan for Financial Institutions by sharing this page and or posting on social media (FB, LinkedIn).
  2. Join the case as a plaintiff Class Representative.

Read about Class Representative Duties.

Please feel free to email mk@mk-llc.com or call 646-546-5664 with any additional questions.

Online Retainer Instructions

  1. Please carefully read and check box "Part I -– Class Representative Duties"
  2. Please complete "Part II - Client Contact & Employment Information."
  3. Make sure all the required fields are filled out and as many of the optional fields as possible.
  4. Please carefully read & sign the Retainer Agreement
  5. Click the "Click to Sign" button to submit your signed agreement.
  6. Check for an email from "Adobe Sign" and click the "Confirm my email address" link to verify your signature and complete the process.
  7. One of our Attorneys will contact & speak with you by phone to finalize your joining this case. Please note: You must have a phone conversation with one of our Attorneys to complete your retention as a client of MKLLC LAW.