Settlement Structure: Claims Made
Closed Settlement Statement:
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.
Pioneer Natural Resources USA, Inc. and other parties responsible for the company’s 401(k) plan have agreed to a settlement that claims they have violated the Employee Retirement Income Security Act (ERISA). The complaint alleged that the company and other defendants acted improperly, in a way that caused plan participants to pay excessive fees for recordkeeping services.Docket Number:
Company: Pioneer Natural Resources USA Inc.
Filing Deadline: July 10, 2019
Class Period: June 28, 2011 to December 10, 2018
Objection Deadline: July 10, 2019
Final Approval Hearing: August 7, 2019Proof of Purchase:
If you are a current participant, you do not have to submit a claim form. Former participants must submit a claim form. Contact the claim administrator if you are a former participant and did not receive one.Eligibility:
You may be eligible if you were a participant in the Pioneer Natural Resources USA Inc. 401(k) and Matching Plan and maintained a balance of any amount at any time between June 28, 2011 and December 10, 2018. Current participants do not need to submit a claim form, but former participants do.Typical Settlement Amount:
Varies according to participation in the plan and decided by a formula agreed to at settlement. Participants whose awards are less than $10 will receive $10. For more information see the Plan of Allocation following the Notice at http://www.barrett401ksettlement.com/documents/11.%20Plan%20of%20Allocation.pdf.
Total Settlement Amount: $500,000Class Representative Proposed Incentive Fee:
Franklin D Azar and Associates PC
Case Name: Barrett et al. v. Pioneer Natural Resources USA, Inc.
Settlement Website: Pioneer Natural Resources USA 401(k) Settlement Website
Pioneer Natural Resources USA Inc. 401(k) and Matching Plan Settlement Administrator
1650 Arch Street, Suite 2210
Philadelphia, PA 19103