Schlichter Bogard Reaches Preliminary $48.5 Million Settlement on Behalf of Pentegra Retirement Plan Participants

As reported by and other media outlets, Schlichter Bogard has reached a $48.5 million preliminary settlement on behalf of Pentegra retirement plan participants.

This settlement follows a landmark $38.7 million jury verdict obtained by Schlichter Bogard in April 2025 on behalf of Pentegra retirement plan participants. The lawsuit alleged that Pentegra breached its fiduciary duty to plan participants by allowing unreasonable expenses to be charged to plan participants.

The lawsuit was originally filed by Schlichter Bogard in September 2020, and alleged that Pentegra breached its fiduciary duties to plan participants by allowing unreasonable expenses to be charged to plan participants. The certified class encompasses nearly 27,000 individuals who participated in Pentegra’s retirement plan.

For more information about Schlichter Bogard’s retirement practice, please contact us at 800-USE-LAWS (873-5297) or via email at contact@uselaws.com.