80/20 ERISA Settlement
This settlement is closed to new claims — the deadline was July 14, 2026. You can still see what it was about and follow the case in court below. Looking for money you can still claim? Browse open settlements →
What happened
The 80/20 Employee Stock Ownership Plan was allegedly administered and terminated by the Defendants in violation of ERISA (the federal law regulating private retirement plans). The lawsuit also involved claims that certain other defendants knowingly participated in these ERISA violations. Defendants deny all claims and admit no fault or liability.
Do you qualify?
All Participants in the 80/20 Employee Stock Ownership Plan at the time of the Plan's termination who received a Termination Distribution, and their Beneficiaries or Alternate Payees of record, excluding the Defendants.
How to file
You have three payment options: (1) Submit a Rollover Form by July 14, 2026 to receive a direct rollover to an IRA or qualified employer plan (call 1-800-416-6807 for the form); (2) Submit an EFT Form to receive payment via electronic funds transfer to your bank account; or (3) Do nothing and the Settlement Administrator will mail a check to your address on file. You may also submit an address update if your address has changed.
Common questions
- How much does the 80/20 ERISA Settlement pay?
- The total settlement fund is $7M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.
- What is the claim deadline for the 80/20 ERISA Settlement?
- This settlement is closed to new claims — the deadline was July 14, 2026. Once a claim deadline passes you generally forfeit your share, even if you qualified.
- Is the 80/20 ERISA Settlement notice real, or a scam?
- Atticus Administration LLC is the settlement administrator for this case. Claims are filed at 8020erisasettlement.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
- When will payments from the 80/20 ERISA Settlement be sent?
- Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. The final approval hearing for this case is set for July 14, 2026; no payments can be issued before a settlement receives final approval.
Who's involved
Plaintiffs
- Michele Porter
- Carol Whisler
- Dave Lowe
- Megan Kelsey
- Jayme Lea
- Trent Kumfer
- Martha Walther
Defendants
- Pareto Efficient Solutions, LLC
- Patrice Mauk
- Patrick Buesching
- Rodney Strack
- MPE Partners III, L.P.
- MPE Partners II, L.P.
- Brian Eagle
- John Wood
Counsel for plaintiffs
- Melissa A Carrington PHVEngstrom Lee
- Jennifer K LeeEngstrom Lee
- Charles GokeyRobins Kaplan LLP - Min/MN
- Carl F Engstrom PHVEngstrom Lee
Counsel for defendants
- Mary Pat Brogan PHVBaker & Hostetler LLP - Cle/OH
- Guenther K Fanter PHVBaker & Hostetler LLP - Cle/OH
- Bonnie Keane DelGobboBaker & Hostetler LLP - Chi/IL
- Ann M Caresani PHVBaker & Hostetler LLP - Cle/OH
- Philip J Gutwein , IIFaegre Drinker Biddle & Reath LLP - Ind/IN/300/2500
- Molly Nelson-Regan PHVFaegre Drinker Biddle & Reath LLP - Min/MN
- Emily A Kile-MaxwellFaegre Drinker Biddle & Reath LLP - Ind/IN/300/2500
- Molly E BroadheadHoover Hull Turner LLP
- Gregory A EnglishHoover Hull Turner LLP
- David K HerzogHoover Hull Turner LLP
Parties and counsel from the public court docket. Listing an attorney here isn't an endorsement, and ClaimWatch isn't affiliated with any of them.
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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