Who qualifies for the U.S. Bank settlement?

You may qualify when: You were a participant or beneficiary. You participated at any time from January 5, 2017, through the date of final approval.

How much will I get from the U.S. Bank settlement?

Eligible claimants can receive Varies from the U.S. Bank settlement. The final amount depends on how many valid claims are filed and the total funds available in the settlement.

When will payments be sent?

Payments are typically sent 6-18 months after the claim deadline, once the settlement receives final court approval. The exact timing can shift if there are appeals or delays in processing claims.

Is the U.S. Bank settlement legitimate?

Yes. The U.S. Bank settlement is a court-approved class action settlement. Always file your claim through the official settlement process, and be aware that legitimate settlement administrators never charge a fee to submit a claim.

U.S. Bank $250K ERISA 401(k) Fees Settlement: Eligibility, Payout & Deadline

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:

1You were a participant or beneficiary.
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.

Frequently asked questions

Who qualifies for the U.S. Bank settlement?: You may qualify when: You were a participant or beneficiary. You participated at any time from January 5, 2017, through the date of final approval.
How much will I get from the U.S. Bank settlement?: Eligible claimants can receive Varies from the U.S. Bank settlement. The final amount depends on how many valid claims are filed and the total funds available in the settlement.
Do I need proof of purchase?: No, you can file a claim for the U.S. Bank settlement without proof of purchase. 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.
When will payments be sent?: Payments are typically sent 6-18 months after the claim deadline, once the settlement receives final court approval. The exact timing can shift if there are appeals or delays in processing claims.
Is the U.S. Bank settlement legitimate?: Yes. The U.S. Bank settlement is a court-approved class action settlement. Always file your claim through the official settlement process, and be aware that legitimate settlement administrators never charge a fee to submit a claim.

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