On October 6, 2021, the Court entered an Order Granting Motion to Modify the Settlement Approval Schedule. Accordingly, the Fairness Hearing is now re-scheduled for January 10, 2022.
Welcome to the WakeMed ERISA Settlement Home Page.
A Settlement has been reached in a class action lawsuit against WakeMed. The class action lawsuit involves whether WakeMed complied with its fiduciary duties under the Employee Retirement Income Security Act of 1974 (“ERISA”) in managing the defined contribution plans WakeMed sponsored for employees, including the WakeMed Retirement Savings Plan. WakeMed denies any wrongdoing, but agreed to settle this case to avoid the high costs of defense and to allow staff to remain focused on caring for patients during a global pandemic.
You are included as a Settlement Class Member if you are currently a Plan participant, or if you were a WakeMed Retirement Savings Plan participant at any time from August 25, 2014 through May 4, 2021 (the “Settlement Class Period”), or if you are a Beneficiary or Alternate Payee of a Plan participant.
This website is provided as a service to eligible settlement participants. The information provided is in summary form and is not intended as a complete explanation of your rights. For full and complete information, you are directed to review carefully the Notice.