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The Pension Specialists Data Breach Investigation
Shamis & Gentile P.A., one of the nation's premier class action law firms specializing in data breach cases, is investigating the The Pension Specialists data breach.
If you were affected by the data breach, your sensitive personally identifiable information may have been exposed, and you may be eligible for compensation.
About The Pension Specialists
The Pension Specialists, Ltd. is an independent retirement plan third-party administrator based in Machesney Park, Illinois. Founded in 1987 by Joel J. Radakovitz, the company has been providing services for over 37 years.
The company offers a wide range of services, including feasibility studies, plan design and installation, actuarial services, annual administration and testing, annual reviews, seminars, and plan terminations. The Pension Specialists services over 1,025 employer retirement plans, covering more than 30,000 plan participants with assets exceeding $500 million.
What Happened?
On January 31, 2025, The Pension Specialists discovered a data breach that had occurred between February 18, 2024, and February 20, 2024. During this incident, unauthorized individuals accessed or acquired certain files containing sensitive personal information.
Personally identifiable information exposed:
- Social Security numbers
- Financial account information
- Names
- Driver’s license numbers
- Government-issued ID numbers (e.g., passport, state ID card)
- Health insurance information
The breach affected approximately 71,443 individuals across the United States, with specific numbers reported in Texas (3,490), Maine (41), and Massachusetts (172).
Your Rights and Next Steps
If you believe you were affected by this data breach, there are several steps you can take to protect yourself:
- Review Your Account Statements: Regularly check your bank and credit card statements for any unauthorized transactions.
- Credit Monitoring and Fraud Alerts: Consider enrolling in credit monitoring services. The Pension Specialists is offering complimentary identity monitoring services through Kroll. You can also place a fraud alert on your credit report to warn creditors of potential identity theft.
- Security Freeze: You have the right to place a security freeze on your credit file, which will prevent new credit accounts from being opened in your name without your consent.
- Report Suspicious Activity: If you notice any suspicious activity, report it to your financial institution and law enforcement authorities immediately.
You May Be Entitled to Compensation
If your personal information was compromised in this data breach, you may be entitled to compensation. Lawyers are ready to help you understand your rights and explore your options for joining a class action lawsuit.
Complete the form below to take the first step towards seeking compensation.
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