Munson ERISA Settlement

Samuel D. Peck v. Munson Healthcare, et al.
Case No. 1:22-cv-00294 (W.D. Mich.)

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Frequently Asked Questions

Learn How This Settlement Affects Your Rights and Get Answers to Your Questions About the Settlement

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Important Dates

Important Settlement Deadlines That Will Affect Your Rights

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Court Documents

Welcome to the Munson ERISA Settlement Website.

The Court has given its preliminary approval to a proposed settlement (the “Settlement”) in this matter for the Plan as a result of a class action lawsuit brought by a former participant in the Plan against Munson Healthcare and the Board of Directors of Munson Healthcare (collectively, “Defendants” or “Munson”), alleging violations of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Defendants deny all claims, and nothing in the Settlement is an admission or concession on Defendants’ part of any fault or liability whatsoever.

You are included as a Settlement Class Member if you were a participant in, or a beneficiary of a participant in, the Munson 403(b) Plan (the “Plan”) at any time from March 29, 2016 to May 16, 2023.

The Settlement will provide, among other things, for a $600,000 Settlement Fund that will be allocated to eligible Settlement Class Members after any Court-approved deductions for Attorneys’ Fees and Expenses, Settlement Administration Expenses, and Plaintiff’s Case Contribution Award. Settlement Class Members with one or more accounts with a positive balance (an “Active Account”) in the Plan as of May 16, 2023 (referred to herein as “Current Participants”) will automatically receive allocations directly to their accounts so long as they maintain a positive balance through the time Settlement monies are distributed. Settlement Class Members who did not have an Active Account s of May 16, 2023 (referred to herein as “Former Participants”) will receive their allocation in the form of a check.

ACTIONS YOU MAY TAKE IN THE SETTLEMENT
DO NOTHING If the Court approves the Settlement, you will get a share of the Settlement benefits to which you are entitled.
YOU CAN OBJECT You may write to the Court and counsel if you don’t like the Settlement to explain why you object. If the Court approves the Settlement, you will get a share of the Settlement benefits to which you are entitled, regardless of whether you objected to the Settlement.
YOU CAN ATTEND THE HEARING You may ask to speak in Court about the fairness of the Settlement if you notify the Court and counsel of your intent to appear at the hearing. If the Court approves the Settlement, you will get a share of the Settlement benefits to which you are entitled, regardless of whether you spoke in Court about the fairness of the Settlement.