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Top 5 ERISA settlements in 2016

The top 5 largest class-action lawsuit settlements in 2016 were dominated by so-called church plan cases involving pensions, but a 401(k) excessive fee case made the list, too. Here are the top five settlements in dollars.

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In 2016, the top 10 class-action settlements in lawsuits brought under the Employee Retirement Income Security Act totaled $807.4 million, according to the 13th edition of the Workplace Class Action Report, published by the law firm Seyfarth Shaw LLP.

That was down from the previous two years, when the top 10 settlements totaled $926.5 million in 2015, and $1.31 billion in 2014.

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Nick Thornton

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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