ERISA (Employee Retirement Income Security Act) class actions have become one of the fastest-growing categories of class litigation. They target employers and 401(k) plan administrators for charging excessive fees, self-dealing, or failing their fiduciary duty. Class-wide recoveries frequently reach hundreds of millions.
Boeing ($57M), Nokia ($20M), Northrop Grumman ($16.7M), Xerox ($18.5M), Costco ($5.75M), and dozens more. Class member recoveries typically range from $10 to $5,000+ depending on plan size and account balance.
Yes if you had a 401(k) or defined-contribution plan at the defendant company during the class period. Even former employees who rolled over their balance often qualify. Watch for notice letters or check our live settlements list.
ERISA (Employee Retirement Income Security Act) governs employer-sponsored 401(k) plans, pensions, and health plans. Class actions typically target fiduciaries who charged excessive fees, retained poor-performing funds, or self-dealt.
Excessive-fee cases are the largest category. Plan administrators owe fiduciary duties to select prudent investments AND monitor them going forward. Retaining a fund that lags cheaper alternatives is a breach. Damages measured as the lost return.
Notable ERISA settlements: Boeing ($57M), Northrop Grumman ($16.7M), Costco ($5.75M), Nokia ($20M). Class members typically recover from $10 to several thousand dollars depending on account balance and time in plan. Roll-over recipients often qualify too.
Class Action Buddy indexes ERISA pension and 401(k) class actions regularly. When one covering your situation opens, you'll see it in our live settlements list with plenty of time before the filing deadline. Free users can file one settlement per month; Pro users get unlimited filings across all indexed cases.
For deeper background, see our related guides: How to file a class action claim, Class action eligibility explained, and No-proof-required settlements currently accepting claims.