U.S. Bank $250,000 ERISA 401(k) Fees Class Action Settlement
If you had money in the U.S. Bank 401(k) Savings Plan at any point between January 5, 2017 and the court's final approval, you're covered and you don't need to file anything. Your share will be deposited automatically.
$250,000 gross settlement fund
The settlement fund is $250,000 gross. Your share depends on how the fund is allocated among class members. Current plan participants will have their payment invested according to their current investment elections.
Official site: usbank401ksettlement.com
Who may qualify
Anyone who participated in the U.S. Bank 401(k) Savings Plan at any time from January 5, 2017 through the date the court gives final approval of the settlement.
Official eligibility wording
All participants and beneficiaries of the U.S. Bank 401(k) Savings Plan from January 5, 2017 through the date of final approval of the Settlement.
This summary is based on available official settlement sources. The settlement administrator determines eligibility and payment approval.
New to the terms? Plain-English: claim deadline, proof of purchase, administrator, pro rata.
Important dates
- Objection deadline
- August 5, 2026
Proof requirements
Proof requirement is currently marked as No.
Review the official claim form before submitting any information.
What you need
Nothing to submit. Class members are automatically included and do not need to file a claim form to receive their share.
How to file this claim
- Do nothing to receive your share — payment is automatic for all eligible plan participants.
- If you're a current participant, your payment will be invested according to your current investment elections.
- If you want to object to the settlement, mail a written objection postmarked by August 5, 2026.
- To speak at the fairness hearing on August 19, 2026 (1:00 P.M. CST), notify the court and counsel beforehand.
- For questions, contact the administrator at USBank401k@noticeadministrator.com or 877-601-0944.
Watch out for
- You cannot opt out of this settlement — exclusion is not an option.
- Objections must be postmarked by August 5, 2026.
- The $250,000 gross settlement fund is shared among all class members — individual amounts aren't stated in the document.
- The class period runs through the date of final approval, which hasn't happened yet, so the end date isn't fixed.
We prepare — you file on the official site yourself. This is not legal advice and is not an eligibility decision; the administrator and court decide.
How do I file a claim for this settlement?
No claim form is needed — Notice Administrator (USBank401k@noticeadministrator.com) issues this refund automatically; confirm your eligibility and contact details on the official source.
- Check the official source to confirm you are within the eligible group — the settlement administrator determines eligibility.
- Make sure Notice Administrator (USBank401k@noticeadministrator.com) has your current mailing address or payment details if the official source provides a way to update them.
- No claim form is required for an automatic refund; you do not need to pay anyone or submit documents to receive it.
- Watch the payment status on this record and on the official source — payments begin only after the court or program process concludes.
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How we verified this record
- Payout details the official settlement website · Jun 17, 2026
- Eligibility the official settlement website · Jun 17, 2026
- Proof requirement the official settlement website · Jun 17, 2026
- Administrator the official settlement website · Jun 17, 2026
- Court case the official settlement website · Jun 17, 2026
- Claim deadline queued for re-check
- Official claim link queued for re-check
- Payment status queued for re-check
Every published record clears our source-verification bar; remaining fields are checked one by one on our weekly re-verification pass.
Checked fields are matched against a named official source and re-checked on a schedule. We show the authority and the date, never our internal evidence link.
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Eligibility summary
All participants and beneficiaries of the U.S. Bank 401(k) Savings Plan from January 5, 2017 through the date of final approval of the Settlement.
Verified Jun 17, 2026 · against the official settlement website
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Proof requirement
No
Verified Jun 17, 2026 · against the official settlement website
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Estimated payout
$250,000 gross settlement fund
Verified Jun 17, 2026 · against the official settlement website
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Administrator
Notice Administrator (USBank401k@noticeadministrator.com)
Verified Jun 17, 2026 · against the official settlement website
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Court
U.S. District Court for the District of Minnesota
Verified Jun 17, 2026 · against the official settlement website
Show all 6 more verified fields
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Objection deadline
August 5, 2026
Verified Jun 17, 2026 · against the official settlement website
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Automatic refund
Yes — automatic, no claim needed
Verified Jun 17, 2026 · against the official settlement website
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Class period start
January 5, 2017
Verified Jun 17, 2026 · against the official settlement website
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Court case number
0:23-cv-00026-PJS-DLM
Verified Jun 17, 2026 · against the official settlement website
Case No. 0:23-cv-00026-PJS-DLM (D. Minn.)
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No-claim explanation
Automatic distribution — no claim form needed; payments go directly to eligible plan participants.
Verified Jun 17, 2026 · against the official settlement website
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Case name
Dionicio et al. v. U.S. Bancorp et al.
Verified Jun 17, 2026 · against the official settlement website
Common questions
Is the U.S. Bank $250,000 ERISA 401(k) Fees Class Action settlement legitimate?
Yes — the U.S. Bank $250,000 ERISA 401(k) Fees Class Action settlement is a real claims process that SettleSignal tracks from its official source. It is administered by Notice Administrator (USBank401k@noticeadministrator.com) under case 0:23-cv-00026-PJS-DLM in U.S. District Court for the District of Minnesota. File only through the official settlement website (usbank401ksettlement.com); a genuine settlement administrator never charges a fee to file. SettleSignal last checked this record against the official source on June 17, 2026. Always confirm the current details on the official site before filing.
Who may qualify for this settlement?
All participants and beneficiaries of the U.S. Bank 401(k) Savings Plan from January 5, 2017 through the date of final approval of the Settlement.
Do I need proof to claim?
Proof requirement: No. The settlement administrator determines what documentation, if any, is required.
What is the current payment status?
Current payment status: Unknown. Payments are issued by the administrator after the court process concludes.
When will U.S. Bank $250,000 ERISA 401(k) Fees Class Action Settlement pay out?
Current payment status: Unknown. Class-action payouts typically begin only after final approval and any appeals. See our payout timeline guide.
Where is the official U.S. Bank $250,000 ERISA 401(k) Fees Class Action Settlement claim form?
No claim form is needed — Automatic distribution — no claim form needed; payments go directly to eligible plan participants. Never pay a fee to claim a settlement payment.
Do I need to file a claim?
No. You don't have to submit any paperwork. Your share is allocated and paid out automatically if you're in the class.
Can I opt out of the settlement?
No. The settlement doesn't allow exclusions, so all eligible participants are bound by the outcome.
What if I disagree with the settlement?
You can object in writing to the court. Objections must be postmarked by August 5, 2026. Objecting doesn't affect your right to receive a payment.
When will I get paid?
A final approval hearing is set for August 19, 2026. Payments happen after that, once the court approves the deal and any appeals period passes.
Who can I contact with questions?
Reach the settlement administrator at USBank401k@noticeadministrator.com or 877-601-0944. More details are at usbank401ksettlement.com.
Where to act
When you are ready, you open the official claim form yourself. SettleSignal does not file claims or determine eligibility.
Automatic distribution — no claim form needed; payments go directly to eligible plan participants.
Listed on the official settlement website (Notice Administrator (USBank401k@noticeadministrator.com)).
Disclaimer
This service summarizes publicly available settlement information and links to official settlement sources. We are not a law firm, do not provide legal advice, do not submit claims on your behalf, and do not determine eligibility or payout approval. Only file a claim if the information you provide is accurate.
Change log
- June 17, 2026 — Settlement published after verification.
- June 17, 2026 — Verified field details updated from an official source.