Retirement should be a relaxing moment in your life if you plan on retiring soon. But if you have signed up for Trojan Horse Retirement from Jan. 1, 2011 through Sept. 20, 2016, and fear for your loved ones, then you may be eligible for a potential award from the Trojan Horse Retirement Plan Class Action Lawsuit! According to the lawsuit, The Trojan Horse retirement plan was administered by defendant Ascensus Trust Company, which made contributions to the plan through payroll deductions, but that Ascensus failed to deposit those contributions with the plan. By by failing to properly deposit those contributions, Ascensus violated terms of the Employee Retirement Income Security Act of 1974, or ERISA. Trojan Horse Retirement denies the allegations but decided to settle the matter to mitigate ongoing litigation expenses. Ascensus agreed to create a fund that will be used to pay Class Members a large portion of the funds they had deducted from their pay but that were never deposited with the Trojan Horse plan. So if you are eligible, file a claim when you can because there is no deadline!
Trojan Horse Retirement Plan CAL:
- Trojan Horse Retirement Plan Claim Form
- Claim Form Deadline: none
- Who’s Eligible: The settlement Class covers all Trojan Horse Ltd. 401(k) plan participants who contributed to the plan through payroll deduction from Jan. 1, 2011 through Sept. 20, 2016. Persons who aren’t sure whether they qualify as a Class Member are invited to contact the settlement administrator to confirm.
- Estimated Amount: varies. Each Class Member’s share of the settlement fund will be about 85 percent of the amount of money that was deducted from their pay for plan contributions but not deposited in the plan on the Class Member’s behalf.
- Proof of Purchase: No proof of purchase or other documentation needs to be submitted. Each Class Member’s entitlement will be determined according to their payroll records.
- Case Name & Number: Longo, et al. v. Trojan Horse Ltd., et al., Case No. 5:13-cv-00418-BO, in the U.S. District Court for the Eastern District of North Carolina
How To File a Claim:
- Head over to the Trojan Horse Retirement Plan Claim Form
- Look over the claim form to see if you are eligible.
- Complete the claim form with your information.
- Submit your claim ASAP to receive your potential award!
Bottom Line:
If you have signed up for a 401(k) plan, you might want to re-check your information. Recently, Trojan Horse Retirement has committed a crime so you may be eligible for a potential award from the Trojan Horse Retirement Plan Class Action Lawsuit! According to the lawsuit, Trojan Horse partnered with Ascensus Trust Company, which made contributions to the plan through payroll deductions, but that Ascensus failed to deposit those contributions with the plan.They violated the Employee Retirement Income Security Act of 1974, or ERISA. So if you are eligible, file a claim when you can, since there is no deadline, to receive your potential award! Don’t forget to take a look at our full list of Class Action Lawsuit Settlements!
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