Old Dominion 401(k) ERISA Settlement: Who Gets a Payment and How

• The settlement class covers people who had a Plan account balance at any point from October 1, 2016 through December 31, 2025. This includes participants and beneficiaries.
• Being in the class does not guarantee a payment. A person must also be entitled to one under the Court-approved Plan of Allocation.

• No claim form or other action is required to receive a payment.
• The notice does not describe any documents that class members must submit. The Settlement Administrator will use Plan account-balance information to calculate payments under the allocation plan.

• Payments are not a fixed amount. The Net Settlement Amount will be divided based on each eligible class member’s Average Account Balance during the Class Period, compared with the combined Average Account Balances of all class members.
• A calculated payment of less than $50 will be zero. The notice says the Administrator’s payment calculations will be final and binding under the Court-approved allocation plan.
• The original notice said a detailed allocation plan would be filed before the hearing; it provides no individual payment estimate. Average Account Balance uses annual-ending Plan balances over the class period.

• The $1.9 million is the gross settlement amount, not the amount available for distribution.
• Court-approved attorneys’ fees and costs, Case Contribution Awards to the class representatives, settlement-administration expenses, and up to $25,000 in Independent Fiduciary fees and expenses can reduce the amount available to the class.
• What remains is called the Net Settlement Amount.

The official address-update page asks for Notice ID and PIN. This is an address request, not a claim requirement. If credentials are missing, contact the administrator. Checked September 9, 2026: https://www.olddominionerisasettlement.com/page/update-address.

• If an eligible class member has a current active Plan account when payments are distributed, the payment will go through that Plan account.
• Eligible former participants without a current active Plan account will receive a check from the Settlement Administrator.

Final approval and payment have not been confirmed from the official pages reviewed September 9, 2026. A past hearing date alone does not establish either. Source: https://www.olddominionerisasettlement.com/

• Payments can be made only after the Court grants final approval and any appeals are resolved.
• The notice warns that an appeal may take a year or more. If the settlement is terminated, no settlement payments will be made and the lawsuit will resume.

• No. This is a mandatory settlement class, so class members cannot opt out or exclude themselves.
• If the settlement is approved, class members will be bound by the Court’s orders and will release the claims covered by the settlement, even if they do not receive money. The objection procedure had a December 26, 2025 deadline.

The December 26, 2025 objection deadline has passed. These are historical instructions; notice question 13 gives the complete recipient addresses.

• A class member who wants to object must mail a written objection to the Court Clerk, plaintiffs’ counsel, and defendant’s counsel. It must be postmarked by December 26, 2025.
• The objection must identify the case and include the class member’s name, address, telephone number, signature, and reasons for objecting. The class member must sign it even if they have a lawyer.

Yes. The official homepage’s January 30, 2026 update moved the hearing from January 27 to February 13, 2026 at 10:00 a.m. Both dates are now past. Older text on the same homepage still repeats January 27. The homepage and document list reviewed do not confirm a final-approval decision or distribution date. Contact the administrator at (800) 687-0139 or [email protected] for current status. Sources checked September 9, 2026: https://www.olddominionerisasettlement.com/ and https://www.olddominionerisasettlement.com/page/docs.

• The original notice required objections postmarked December 26, 2025 and a notice of intention to appear postmarked January 9, 2026. Those deadlines are historical; the hearing update does not state replacement objection or appearance deadlines.