L

L Brands

L Brands agreed to a $2.75 million settlement to resolve claims of excessive fees and high-cost investments in its 401(k) plan.

ClosedUnited States-wideClaim status: Closed on January 9, 2023Payout: VariesNo longer claimable

About this settlement

Allegations of excessive fees and imprudent investment choices within the L Brands 401(k) plan.

This settlement resolves allegations that L Brands charged unreasonable fees and invested in high-cost options within its employee 401(k) savings and retirement plan. Participants in the plan between November 23, 2014, and September 20, 2022, may be eligible for a portion of the $2.75 million settlement fund.

Who qualifies

  • Participants in the L Brands 401(k) savings and retirement plan.
  • Plan participation between November 23, 2014, and September 20, 2022.

Varies

Claim status: Closed on January 9, 2023

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