Linkedin 401(k) Retirement Settlement: Legit? Here’s What You Need To Know

Did you receive The Linkedin 401(k) Retirement Settlement email? It is not a scam. You received the mail because you filed a claim.

In case you didn’t know, LinkedIn had to pay $6.75 million because they were accused of mishandling their 401(k) retirement plan, breaking some rules.

Who Is Eligible For The Linkedin 401(k) Retirement Settlement

LinkedIn had to pay $6.75 million because they didn’t handle their retirement plan properly. This affects people who used LinkedIn’s 401(k) plan between August 2014 and July 2020.

The folks who sued LinkedIn said they did a bad job by letting people pay too much for the plan and picking bad investments. This made the people who used the plan lose money in their investments.

LinkedIn is that website where you connect with coworkers and look for jobs.

How Much Is The Settlement

LinkedIn is paying $6.75 million to settle a lawsuit, even though they say they didn’t do anything wrong.

People who had a 401(k) with LinkedIn during a certain time can get some of that money. They’ll get it based on how much they had in their 401(k) at the end of the year.

If they still have an account, the money goes there. If not, they’ll get a check or they can move it to a new retirement plan.

You have until October 17, 2023, to say if you don’t like this deal.

How To File A Claim

If you want to get a settlement payment. Make sure to fill out a valid claim form by Nov. 10, 2023. That’s the deadline, so don’t miss it!

If you are eligible for the claim click here

Conclusion

In re: LinkedIn ERISA Litigation, Case No. 5:20-cv-05704-EJD, class action lawsuit is not a scam. Just like Memorial Health Contract Settlement, The folks who sued LinkedIn said they did a bad job by letting people pay too much for the plan and picking bad investments. This made the people who used the plan lose money in their investments.