Whole Foods Retirement Plan Lawsuit: Legit Or Scam? Read This
Did you receive the Whole Foods Retirement Plan Lawsuit email? It is not a scam. You received the mail because you filed a claim.
A bunch of employees are throwing a class action lawsuit against Whole Foods, and it’s not for a lack of organic kale. Well, Whole Foods is getting side-eyed for allegedly not keeping its 401(k) plan in check.
The employees are saying Whole Foods dropped the ball when it comes to managing their 401(k) plan, especially in keeping those record-keeping fees competitive.
Who Is Eligible Whole Foods Retirement Plan Lawsuit
Some people are claiming that Whole Foods didn’t quite hit the mark in managing those retirement plan fees to keep things competitive.
The Whole Foods squad facing the music includes the big shots on the leadership team and the employer board. And who’s leading the charge? Well, we’ve got a bunch of employees – Shauna, Michael, Scott, Kalea, Robert, Chad, and Ross – they’re the ones saying, “Enough is enough.”
This class action covers anyone who dipped their toes in the Whole Foods retirement plan between Nov. 6, 2017, and the day the judgment comes down.
How Much Is The Settlement
There is no settlement amount for now.
Instead of paying out a hefty fee per retirement plan participant, Whole Foods could’ve flexed its muscles a bit. With a plan as big as theirs – we’re talking at least $1 billion in assets throughout the proposed class period and a cool $1.9 billion at the end of fiscal 2021.
So, while Whole Foods had the financial weight to swing a better deal, the lawsuit is basically calling them out for not playing their cards right.
How To File A Claim
There is no claim form available right now, fill one out when it is.
Conclusion
Winkelman, et al. v. Whole Foods Market Inc., et al., Case No. 1:23-cv-01352, is not a scam. Just like Dunkin Franchise Child Labor Settlement, The Whole Foods squad facing the music includes the big shots on the leadership team and the employer board. And who’s leading the charge? Well, we’ve got a bunch of employees – Shauna, Michael, Scott, Kalea, Robert, Chad, and Ross – they’re the ones saying, “Enough is enough.”
