Northeast Grocery Inc.

Allegations of mismanagement and administration violations in Northeast Grocery Inc.'s employee 401(k) retirement plans.

Northeast Grocery Inc. has agreed to a $225,000 class action settlement to resolve claims that it violated the Employee Retirement Income Security Act (ERISA) in the management and administration of its employee 401(k) retirement plans. Allegations include failure to investigate alternative investment options, monitor performance, control investment advisor costs, and monitor recordkeeping fees. Eligible class members who participated in the Northeast Grocery 401(k) plan, Tops Markets LLC 401(k) retirement savings plan, Price Chopper associate 401(k) plan, or the Tops Markets LLC 401(k) savings plan for Union Associates between January 1, 2018, and August 5, 2026, may be eligible for a cash payment. Payments will be distributed pro rata based on plan balances after deductions for administrative expenses, attorneys' fees, and service awards. Eligible class members will receive checks by...

• Individuals who participated in the Northeast Grocery 401(k) plan, Tops Markets LLC 401(k) retirement savings plan, Price Chopper associate 401(k) plan, or the Tops Markets LLC...
• Beneficiaries of deceased participants.
• Alternate payees subject to qualified domestic relations orders.