Allina Health System Retirement Plan Settlement

Settlement Structure: Claims Made

Active: Open

Case Summary:

Allina Health System is settling a class action about its 403(b) and 401(k) retirement plans brought under the Employee Retirement Income Security Act (ERISA). The complaint alleged that the those in charge of the plans violated their fiduciary duties in connection with the monitoring and selection of the plans’ investment options.

Docket Number:

17-cv-03835 (SRN/SER)

Company: Allina Health System

Filing Deadline: January 1, 2100

Class Period: August 18, 2011 to November 21, 2019

Objection Deadline: March 16, 2020

Final Approval Hearing: January 14, 2020

Proof of Purchase:

You do not need to provide proof of anything or file a claim.

Eligibility:

You may be eligible if you were a participant or beneficiary of the Allina Health System 403(b) or 401(k) retirement savings plans, at any time between August 18, 2011 and November 21, 2019.

Typical Settlement Amount:

Proceeds of the settlement will be allocated to class members according to a plan to be approved by the court. Current plan participants: Amounts will be deposited in accounts. Former participants: Those with over $200 will be given a rollover option or check; those with $200 or less will be paid amounts directly.

Total Settlement Amount: $2,425,000

Class Representative Proposed Incentive Fee:

$5,000

Law Firms:
Bailey & Glasser
Izard Kindall and Raabe LLP
Kessler Topaz Meltzer Check LLP
Nichols Kaster PLLP

Case Name: Larson et al. v. Allina Health System et al

Settlement Website: Allina Health System Retirement Plan Settlement Website

Claims Administrator:
JND Legal Administration

Claims Administrator Contact Information:

Allina ERISA Settlement
c/o JND Legal Administration
PO Box 91334
Seattle, WA 98111
info@AllinaERISAsettlement.com
1-855-961-0951

Tags: Breach of Fiduciary Duty, ERISA Violations