Settlement Structure: Claims Made
Active: Open
Case Summary:This settlement resolves a class action against Universal Health Services, Inc. (UHS) and the UHS Retirement Plans Investment Committee alleging these entities violated the Employee Retirement Income Security Act (ERISA). The complaint alleged they breached their fiduciary duties in their administration of the plan.
Docket Number:2:20-cv-02644
Company: Universal Health Services Inc.
Filing Deadline: February 28, 2023
Class Period: June 5, 2014 to October 31, 2022
Objection Deadline: March 9, 2023
Final Approval Hearing: March 30, 2023
Proof of Purchase:You do not have to provide proof.
Eligibility:You may be eligible if you are a current or former participant or a beneficiary or alternate payee of a participant or former participant of the plan at any time between June 5, 2014 and October 31, 2022.
You have an active account if you have an individual investment account in the plan with a balance of more than $0. You are a former participant if you had an active account with a positive balance during the above class period but did not have an account with the plan with a balance greater than $0 as of September 30, 2022. Beneficiaries or alternate payees are beneficiaries or alternate payees of plan participants who had positive account balances during the above class period but did not have an active account in the plan as of September 30, 2022.
Typical Settlement Amount:Payments will be determined according to a Plan of Allocation. If you are a current participant or the beneficiary or alternate payee of a participant and you have an active account in the plan, you do not need to do anything to receive your portion of the net settlement amount, which will be put into your individual account in the plan.
If you are a former participant or the beneficiary or alternate payee of a former participant, you must submit a Former Participant Claim Form to receive your share, either in the form of a check or as a tax-qualified rollover into another individual retirement account.
Total Settlement Amount: $12,500,000
Class Representative Proposed Incentive Fee:Up to $15,000
Law Firms:
Capozzi Adler PC
Miller Shah, LLP
Claim Form: Strategic Claims UHS 401(k) Former Participant Claim Form
Case Name: Boley v. Universal Health Services, Inc.
Settlement Website: Strategic Claims UHS 401(k) Website
Claims Administrator:
Strategic Claims Services
Strategic Claims Services
600 North Jackson Street, Suite 205
Media, PA 19063
info@strategicclaims.net
866-274-4004