Land O'Lakes ERISA Settlement
This settlement is closed to new claims. 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
Plaintiffs alleged that Land O'Lakes breached fiduciary duties under ERISA by failing to reduce the company's retirement plan expenses and failing to properly scrutinize investment options for prudence. The defendant denies all claims and liability. The company has agreed to pay $1.8 million to settle the case.
Do you qualify?
Anyone who participated in the Land O'Lakes Employee Savings and Supplemental Retirement Plan at any time between May 26, 2014 and June 28, 2022, including beneficiaries of deceased participants and alternate payees subject to a Qualified Domestic Relations Order. Excluded are members of the Land O'Lakes Retirement Plan Committee.
How to file
No claim form is required. If you are a current participant with a positive account balance, settlement funds will be deposited into your Plan account. If you are a former participant, funds will be paid directly to you by the Settlement Administrator. The plan of allocation will be approved by the court.
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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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