Sutter Health is a nonprofit healthcare organization. Back in 2022, its employees filed multiple class action lawsuits against it with allegations that it has allowed excessive record-keeping fees, kept poor-performing, high-cost investment options, and failed to act prudently as a fiduciary under ERISA.
After that the court hearings and mediation took place, and then the organization agreed to the settlement of $4.3 million without accepting any wrongdoing. It has already received preliminary approval from the court, and the claim form filing via postmarking is already taking place.
If you are one among those who lose money unnecessarily because of the mismanagement of the Sutter Health 403(b) retirement plan, you can get your portion from the fund. Read this article thoroughly to check if you are eligible for compensation, what you are required to do to get it, and much more.
Settlement Overview
Sutter Health has agreed to the settlement of $4.3 to benefit its employees, who lose money unnecessarily because of mismanagement of the 403(b) retirement plan. The important dates for the same are disclosed with the preliminary approval by the court.
The deadline to file a claim form is February 5, 2026; make sure you file it by this date, otherwise you won’t get any payout. The due date to raise an objection is March 9, 2026; if you have any concern related to this settlement, raise it before the deadline is passed. And the hearing for the final approval is April 10, 2026.
Who is eligible to get a payout from this settlement?
To get a payout from this settlement, it is mandatory that you are a United States citizen, live on its territory or state, and have participated in the Sutter Health 403(b) retirement plan at any time between the period of July 21, 2014, and October 9, 2025.
What is required to get the payout from this settlement?
In order to get a payout from this settlement, each individual who meets the eligibility requirement is required to file a claim form with accurate details. It can only be filed offline via postmarking, but make sure you provide all the details accurately without any error.
How much will be received from this settlement?
The per-person payment details for this settlement aren’t disclosed by the administrator. The payout amount for each individual is likely to vary from one another; it depends on individual account history and plan participation.
Someone may get a big amount, and for a few it is likely to be very small. Note that the whole settlement fund won’t be distributed among the claimants; it will be done after the deduction of attorney fees and administration costs.
How to file a claim form for this settlement?
In order to file an offline claim form for this settlement, please go through the step-by-step instructions available below.
- Visit the Strategic Claims’ official website at strategicclaims.net/.
- Type ‘Sutter Health’ in the search box and click the Search Icon.
- Find and tap on ‘Sutter Health ERISA Litigation’ and go to the next page.
- Tap on the ‘Claim Form’ button and download the PDF.
- Make a print copy, and fill in the name, mailing address, e-mail address, and phone number accurately.
- Attach documents, if required, envelope them, and mail it to 600 North Jackson Street, Suite 205, Media, PA 19063.
After postmarking the claim form, make sure to keep a copy of the proof of mailing, as it may be required in the future.
When to expect the payment from this settlement?
The payout for this settlement will start after the final approval. It is expected that it will receive approval from this court most probably in April 2026. If this settlement is approved without any appeal, there is high speculation that the payout will start within 90 days, maybe around July 2026 or even earlier.
Disclaimer: Sutter Health $4.3M ERISA settlement details are for informational purposes only. Verify eligibility and payout information through official settlement sources.