Land O'Lakes ERISA Settlement
Amount depends on the Plan of Allocation to be approved by the Court
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
Named plaintiffs alleged that Land O'Lakes breached fiduciary duties owed to employees under ERISA by failing to reduce Plan expenses and failing to properly scrutinize investment options for prudence. Land O'Lakes denies all claims and wrongdoing, and believes it administered the Plan properly and in the best interests of participants.
Do you qualify?
Anyone who participated in the Land O'Lakes Employee Savings and Supplemental Retirement Plan at any time from May 26, 2014 to June 28, 2022, including beneficiaries of deceased participants and alternate payees of qualified domestic relations orders. Excluded are members of the Plan Committee.
How to file
No claim filing is required if you are a current participant or former participant in the Land O'Lakes plan—payments will be deposited to your plan account or mailed directly to you. Settlement payments are automatic for eligible class members.
Common questions
- How much does the Land O'Lakes ERISA Settlement pay?
- Estimated payout: Amount depends on the Plan of Allocation to be approved by the Court. The total settlement fund is $1.8M. 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.
- Do I need proof of purchase for the Land O'Lakes ERISA Settlement?
- No. You can file without a receipt or proof of purchase. You attest that you qualify and submit basic details, though claims are still subject to review and submitting a false claim is a crime.
- Is the Land O'Lakes ERISA Settlement notice real, or a scam?
- JND Legal Administration is the settlement administrator for this case. Claims are filed at lolerisasettlement.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 Land O'Lakes 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 November 10, 2022; no payments can be issued before a settlement receives final approval.
In the news
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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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