80/20 ERISA Settlement
What happened
The lawsuit challenges whether the 80/20, Inc. Employee Stock Ownership Plan was properly administered and terminated by the defendants in accordance with ERISA (federal retirement law). The defendants are accused of violations in how they handled the Plan's administration and termination. Defendants deny all claims and admit no wrongdoing.
Do you qualify?
The class includes all participants in the 80/20, Inc. Employee Stock Ownership Plan at the time of the Plan's termination who received a Termination Distribution, as well as their beneficiaries or alternate payees on record, excluding the defendants.
How to file
You can choose one of three payment options: (1) submit a Rollover Form by July 14, 2026 to roll over your share to an IRA or qualified employer plan; (2) submit an EFT Form to receive payment via electronic transfer to your bank account; or (3) do nothing and a check will be mailed to you. Call 1-800-416-6807 or visit the website to obtain forms. Payments will only be made after the Court gives final approval to the Settlement.
New to class actions?
This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.
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