Giant Eagle $668,750 Employee Savings Plan ERISA Settlement
If you held money in the Giant Eagle Employee Savings Plan (or were a beneficiary/alternate payee) anytime between Aug. 23 2018 and Jul. 23 2025, you could receive a cash payment—automatically—from a $668,750 class action settlement. Read on for eligibility details, payment timelines and how to make sure you get your money.
Am I eligible?
You are part of the settlement class if you meet any of the following:
- Participated in the Giant Eagle Inc. Employee Savings Plan at any time from Aug. 23 2018 through Jul. 23 2025.
- Are the beneficiary of someone who participated during that period.
- Are an alternate payee under a qualified domestic-relations order for a participant in that period.
How much will I receive?
After court-approved deductions (attorneys’ fees, costs, service award and administration costs), the net settlement fund will be divided pro-rata using each class member’s quarterly account balances during the class period.
- Your individual share = (Total of your quarterly balances ÷ Total of all class members’ quarterly balances) × Net fund.
- Minimum payment: $10. Any preliminary share below $10 will be rounded up.
No claim form required
Good news: Plan records will be used to calculate and distribute payments automatically.
Payment method
- Current plan participants – funds will be deposited straight into your retirement account.
- Former participants – a check will be mailed to your last known (or updated) address. Checks are valid for 180 days.
Moved recently? Contact the settlement administrator to update your address:
Giant Eagle ERISA Settlement Administrator
P.O. Box 2007, Chanhassen, MN 55317-2003
Phone: 844-473-9320
Email: GiantEagleERISA@noticeadministrator.com
Key dates
- Fairness hearing: Nov. 20 2025
- Payments are issued after the settlement receives final court approval and any appeals are resolved.
Important documents
Frequently Asked Questions
What is the Giant Eagle Employee Savings Plan ERISA Settlement about?
The lawsuit alleged Giant Eagle and its fiduciaries allowed unreasonable record-keeping fees and failed to properly monitor the plan, violating ERISA. Giant Eagle denies wrongdoing but agreed to settle.
Do I need to submit a claim form to get paid?
No. Eligibility and payment amounts are based on existing plan records. Only address updates require action.
How will I receive my Giant Eagle ERISA settlement money?
Current participants receive a direct deposit into their plan account; former participants get a check by mail.
When will the payout be sent?
Payments are distributed after the court’s final approval on Nov. 20 2025 and after any appeals are resolved.
What if my calculated share is less than $10?
You will still receive a $10 minimum payment—the remainder of the fund is re-allocated among other class members.