Pension Specialist
Data Breach Class Action Lawsuit

Posted: February 15, 2025 -- Attention, victims of the Pension Specialist data breach.

Abington Cole + Ellery is investigating the data breach recently announced by Pension Specialist.

Pension Specialist Data Breach Summary:

Approximately 71,000 individuals were affected by the Pension Specialist data breach.

Breached data may include, but is not necessarily limited to: sensitive personal information.

On February 24, 2024, The Pension Specialists reportedly detected a network disruption and initiated an investigation. Independent cybersecurity experts were engaged to support the process. According to The Pension Specialists, the investigation determined that certain files may have been accessed or acquired without authorization between February 18, 2024, and February 20, 2024.

A comprehensive review was reportedly conducted to assess the potentially affected data and identify any personal information involved. On December 16, 2024, it was established that personal information may have been impacted. Following this determination, efforts were made to collect contact information and notify all affected individuals.

Upon discovery of the incident, The Pension Specialists claims to have implemented the outlined measures and introduced security enhancements to reduce the likelihood of recurrence.

As a result of the data breach, Pension Specialist is offering 12 months of free credit monitoring and/or identity theft protection services to some affected individuals.

Additional information about the Pension Specialist data breach may be found here: Pension Specialist Data Breach Notification.

About Pension Specialist:

Headquartered in Machesney Park, Illinois, The Pension Specialists, Ltd. is an independent third-party administrator focusing on retirement plans. Established in 1987, the firm manages over 1,025 employer retirement plans, serving more than 30,000 participants and overseeing assets exceeding $500 million. Their services encompass plan implementation, ongoing administration, and proactive client communication to maximize benefits and address issues.

The company's clientele includes broker-dealers, investment firms, CPA firms, law firms, medical groups, hospitals, engineering firms, manufacturers, and retail businesses. Referrals from professionals such as CPAs, attorneys, banks, insurance agents, and investment brokers have significantly contributed to their growth. The firm emphasizes maintaining interactive communication and problem-solving to enhance client satisfaction.

In addition to administration services, The Pension Specialists offers tax consulting and compliance solutions related to retirement plans. Their in-house team handles all aspects of plan administration, ensuring consistent service delivery.

The Pension Specialist Website may have additional information about or provide periodic updates regarding the data breach.

For more information about steps you can take to possibly reduce the chances harm arising from a data breach, please review the following article: What are some steps you can take if you've been the victim of a data breach?

If you believe you are a victim of the Pension Specialist data breach, and if you would like to volunteer to serve as a class representative in a class action lawsuit regarding this data breach, please submit your information via the form on this webpage. This website is not associated with nor authorized by Pension Specialist or any affiliated companies. If you have received any other data breach notifications, you may to review Abington Cole + Ellery's current list of data breach investigations.