Garnet Health ERISA Settlement: Have you ever participated in the Garnet Health Medical Center’s 403(b) Retirement Savings Plan? If yes, you may be eligible to get payout from a class action settlement. Read this article to check if you are eligible, what’s the deadline to file a claim form and much more.
Garnet Health ERISA Settlement
The Garnet Health Medical Center has agreed for the settlement of $4.6 million without accepting any wrongdoing to resolve the class action lawsuit filed against them for violation of the Employee Retirement Income Security Act.
The GHMC was sued for charging excessive fees for the 403(b) RSP and offered weak investment options which reduced retirement savings. The settlement has received the preliminary approval, and further processes are begun.
The fund is going to benefit the individuals who participated in the Garnet Health Medical Center’s 403(b) retirement savings plan; to get a portion from the $4.6 million, it is mandatory that you meet the eligibility requirements.
Payment is going to be received directly via the direct deposit in the bank account, but the former participants will get a paper check, or they can print and complete the PDF rollover form and mail or email it to the settlement administrator at:
- Garnet Health Medical Center 403(b) Settlement
- c/o Atticus Administration
- P.O. Box 64053
- Saint Paul, MN, 55164
The filing deadline for a rollover claim form for the Garnet Health ERISA Settlement is April 20, 2026. If you are a former participant of GHMC’s 403(b) retirement savings plan, you may download the rollover claim form by clicking on this link.
Settlement Overview
| Settlement Name | Garnet Health ERISA Settlement |
| Organization Involved | Garnet Health Medical Center |
| Settlement Amount | $4.6 Million |
| Lawsuit Type | ERISA Violation Class Action |
| Plan Name | 403(b) Retirement Savings Plan |
| Allegation | Excessive fees and weak investment options |
| Preliminary Approval Status | Granted |
| Eligibility Period Start | August 26, 2018 |
| Eligibility Period End | December 2, 2025 |
| Eligible Participants | Individuals in GHMC 403(b) plan |
| Claim Requirement | Filing rollover claim form (for former participants) |
| Claim Deadline | April 20, 2026 |
| Final Approval Hearing | April 20, 2026 |
| Expected Payout Timeline | Around July 2026 (if approved) |
| Payment Method | Direct deposit, check, or rollover |
Who is eligible for the Garnet Health ERISA Settlement?
In order to get payout from the Garnet Health ERISA Settlement, it is mandatory filing the claim form, for which you are required to meet the eligibility criteria.
- You are a United States citizen and reside in any state of the country.
- You participated in the Garnet Health Medical Center’s 403(b) Retirement Plan between August 26, 2018, and December 2, 2025.
How much will be received from Garnet Health ERISA Settlement?
Note that not all the funds of $4.6 million will be distributed among the class members, around 33% will go for attorney fee and administration costs. The amount class members are going to get from the Garnet Health ERISA Settlement depends on following factors:
- How long you were in the 403(b) plan,
- Your average account balance during the eligible period,
- Total contributions and investments in the plan, and
- The number of people included in the settlement.
The payout will take place on a pro-rata basis, the amount for each class member is going to be different from one another for each class member.
When to expect the Garnet Health ERISA Settlement payout?
The payout for the Garnet Health ERISA Settlement will take place after the final approval, whose hearing is going to take place on April 20, 2026. If the settlement gets final approval on this date, there is a high speculation that the payout will take place by July 2026.
Note that if the settlement is approved with appeal, the payout will be delayed until they are resolved. Some settlement appeals take six months or more to resolve, so if there will be any appeal, you might have to wait up to six months to get payout from this settlement.