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Giant Eagle employees who participated in the the company's employee savings plan or any of its predecessor or successor plans between Aug. 23, 2018, and July 23, 2025, may qualify to claim a cash payment from a class action settlement.
Giant Eagle Inc. agreed to pay $668,750 to settle a class action lawsuit alleging violations of fiduciary duties under the Employee Retirement Income Security Act. The lawsuit claims Giant Eagle and its plan fiduciaries failed to ensure reasonable plan recordkeeping expenses and did not adequately monitor other fiduciaries.
Who are the class members?
Class members must meet one the following criteria:
- They participated in the Giant Eagle Inc. Employee Savings Plan at any time during the class period from Aug. 23, 2018, through July 23, 2025.
- They are a beneficiary of a deceased person who participated in the plan during the class period.
- They are an alternate payee of a person subject to a qualified domestic relations order who participated in the plan during the class period.
How much is the Giant Eagle payout?
The total settlement fund is $668,750. After deductions for attorneys’ fees and expenses, a service award to the named plaintiff and settlement administration costs, the settlement administrator will distribute the remainder of the fund among eligible class members. The exact amount each class member receives depends on their account balances during the class period and the total number of eligible participants.
The calculation process works as follows:
- The settlement administrator will total each class member’s plan account balances for each quarter of the class period.
- It will then divide each class member’s total by the sum of all class members’ balances to determine their share of the net settlement fund.
- It multiplies this proportion by the net settlement amount to determine the preliminary entitlement amount.
- If a class member’s preliminary entitlement is less than $10, they will receive a minimum payment of $10.
- The remaining net settlement amount is then reallocated among the rest of the class using the same method, ensuring the total distributed equals the net settlement fund.
No action needed to receive payment
Class members do not need to file a claim to receive compensation. The settlement administrator will use plan records to determine eligibility and payment amounts.
Former plan participants who moved should contact the settlement administrator to ensure they receive payment.
Settlement administrator's contact information: Giant Eagle ERISA Settlement Administrator, P.O. Box 2007
Chanhassen, MN 55317-2003, 844-473-9320, GiantEagleERISA@noticeadministrator.com
Payout options
- Current participants with a positive account balance will receive their share deposited directly into their plan account.
- Former participants will receive a mailed check to their last known or updated address. Checks will be valid for 180 days.
$668,750 settlement fund breakdown
The $668,750 settlement fund covers:
- Settlement administration costs: To be determined
- Attorneys’ fees: Up to $222,916.67
- Attorneys’ expenses: Up to $15,000
- Service award to named plaintiff: Up to $5,000
- Payments to eligible class members: The remainder of the net settlement fund
Important dates
- Fairness hearing: Nov. 20, 2025
When is the Giant Eagle ERISA settlement payout date?
The settlement administrator will issue payments after the court grants final approval of the settlement and resolves any appeals.
Why did this class action settlement happen?
The class action lawsuit alleged Giant Eagle and related fiduciaries failed to ensure reasonable employee retirement plan recordkeeping expenses and did not adequately monitor other fiduciaries. The plaintiff claimed this violated the the Employee Retirement Income Security Act.
Giant Eagle denies any wrongdoing but agreed to settle to avoid the expense, burden and uncertainty of further litigation.
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