Individuals who were former and current participants or beneficiaries of the BB&T Corporation 401(k) Savings Plan and had an active account between September 4, 2009 to October 25, 2018 may be eligible for potential rewards thanks to the BB&T Corporation 401(k) Class Action Lawsuit!
According to the lawsuit, plaintiffs claimed that BB&T violated their fiduciary duties under ERISA by engaging in self-serving investments using employee retirement funds. If you believe that you’re eligible for this class action lawsuit, be sure to submit your claim form by April 22, 2019 to claim your potential reward!
BB&T Corporation 401(k) Lawsuit
- BB&T Corporation 401(k) Form
- Claim Form Deadline: April 22, 2019
- Who’s Eligible: Current and former participants and beneficiaries in the BB&T Corporation 401(k) Savings Plan and had an active account between Sept. 4, 2009 and Oct. 25, 2018.
- Estimated Amount: Each claimant’s share of the settlement will be calculated by their average quarterly balances for the relevant period. The payment amount will depend on the amount of the net settlement fund left after costs and fees.
- Proof of Purchase: Personal identifying information (birth date, SSN info, etc.)
- Case Name & Number: Sims, et al. v. BB&T Corporation, et al., Case No. 1:15-cv-732, in the U.S. District Court for the Middle District of North Carolina
How To File a Claim
- Head over to the BB&T Corporation 401(k) Claim Form.
- Look over the claim form to see if you are eligible.
- Complete the claim form with your information.
- Submit your claim by April 22, 2019 to receive your potential award!
Bottom Line
Be sure to check if you’re eligible for the BB&T Corporation 401(k) Class Action Lawsuit! According to the lawsuit plaintiffs claimed that BB&T violated their fiduciary duties under ERISA by engaging in self-serving investments using employee retirement funds which is in violation of the terms.
So if you are eligible, file a claim by April 22, 2019 to receive your potential award! Don’t forget to take a look at our full list of Class Action Lawsuit Settlements!
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Has any payments been made? Will everyone be notified of any settlement or not?