Providence Health 401(k) Class Action Lawsuit

Providence Health’s Lawsuit

• Providence Health’s Claim Form
• Claim Form Deadline: June 24, 2019
• Who’s Eligible: Class Members include all current and former Providence Health 401(k) and 403(b) plan participants with a balance between Nov. 28, 2011 and Feb. 22, 2019.
• Estimated Amount: To Be Determined. The court will use the following formula to allocate settlement awards to each Class Member:
  • “First: Calculate the sum of all Annual Account Balances for all Settlement Class Members across all years of the Class Period;
  • Second: For each individual Settlement Class Member, calculate the sum of that Settlement Class Member’s Annual Account Balances across all years of the Class Period;
  • Third: Allocate to each Settlement Class Member a share of the Distributable Settlement Amount in proportion to the sum of that Settlement Class Member’s Annual Account Balances across the Class Period, deriving the factor to be applied to the Distributable Settlement Amount by dividing the sum of the individual Settlement Class Member’s Annual Account Balances across the Class Period (as described in paragraph 3(b) above) by the total of all Settlement Class Members’ Annual Account Balances across the Class Period (as descried in paragraph 3(a) above).”
• Proof of Purchase: N/A
• Case Name & Number: Jenny Johnson, et al. v. Providence Health & Services, et al., Case No. 2:17-­cv­-01779, in the U.S. District Court for the Western District of Washington

How To File a Claim

1. Head over to the Providence Health’s Claim Form.
2. Look over the claim form to see if you are eligible.
3. Complete the claim form with your information.
4. Submit your claim by June 24, 2019 to receive your potential award!

Bottom Line

For individuals that were of Class Members include all current and former Providence Health 401(k) and 403(b) plan participants with a balance between Nov. 28, 2011 and Feb. 22, 2019, then you are eligible for a potential award from the Providence Health Class Action Lawsuit!

According to the lawsuit, Providence Health 401(k) and 403(b) plan participants were left with expensive, poorly performing investments. So if you are eligible, file a claim by June 24, 2019 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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