Schlichter Bogard to Lead Challenge to Pentegra 401(k) Plan Fees

A proposed class action challenging the $2.1 billion retirement plan Pentegra Retirement Services Inc. administers for thousands of employees across nearly 250 financial institutions will be led by Schlichter Bogard & Denton LLP, after a New York federal judge denied a competing request from Capozzi Adler PC.

Both firms are experienced and have devoted significant time to investigating the case, the judge said. But the Schlichter firm’s superior attorney resources make it the better choice to serve as interim class counsel, Judge Philip M. Halpern of the U.S. District Court for the Southern District of New York said in an ...