Anyone receive their check today from the class action lawsuit for Xerox charging excessively high 401K fees?
18 replies (most recent on top)
I recently got a check and had no idea what lawsuit it was for! I couldn't remember signing anything. Didn't realize it was for funds mismanaged.
$172.62 for me. Totally unexpected, so I will take it!
My guess is that you had to have $ in one or more actively managed funds. As an example, if I remember right, there was a Large Cap Index fund (non-managed), and a Large Cap managed fund. The index funds simply followed an index, like the SP500. The actively managed funds had a fund manager that picked / managed the stocks. Since this settlement was about excessive fees charged, I'm thinking it had to do with the managed funds.
$57 smackers
$400
I received my check yesterday ERISA settlement. $34.00. Years worked. 1979-2016.
All my money is out of fund. $96.15
I think @1dgr+1t2QUBgK is right. I didn't move my 401k and I do see "cash earnings" under transactions. Kind of weird they didn't send us any kind of notification though.
Mine is $9.39
My understanding is if you no longer have money in the Xerox 401k fund you'll get a check. If you still have money there then the money will go there automatically.
I know someone that did but I didn't get. Did you have to have money in certain funds?
How the heck did they determine the amounts sent out? I worked there 30 years and got only $150??
mine was $3200 🤑
looks like those down-voters are jealous, whaa.
X got off easy on this. Shameful. Hands slapped with a flyswatter when it should've been a 2x4.
Cash 'em quickly and move on.
mine bounced
I received my check today is was $385.37 wow , No void on check , just cashed it.
Going to buy a few some lotto tickets.
Check the back of the check to make sure it doesn’t say….Void Void Void.
Cash value 1/200th of a cent.