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U.S. Bank $250K ERISA 401(k) Fees Settlement

1,240 people claimed1 min to claim

About this settlement

U.S. Bancorp agreed to pay $250,000 to resolve allegations involving the management and administration of the U.S. Bank 401(k) savings plan.

The lawsuit alleged excessive fees and breaches of fiduciary duties under ERISA. U.S. Bank denies wrongdoing.

To qualify

Did you participate in or receive benefits from the U.S. Bank 401(k) plan?

Eligibility requirements

You may qualify when:

  1. 1You were a participant or beneficiary.
  2. 2You participated at any time from January 5, 2017, through the date of final approval.

No claim form is required. Current participants receive payment into their 401(k) accounts; former participants receive a paper check when their calculated payment is at least $25.

Important dates

  • Fairness hearing: August 19, 2026

Legal Notice

ClaimedMoney is not a law firm or financial adviser and is not affiliated with U.S. Bank, the settlement administrator, any law firm or the court.

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