Caliber Collision $750,000 401(k) Class Action Settlement, Who Qualifies, How Payments Work, and the December 15 Objection Deadline

No claim form required • You cannot opt out • Objection deadline: December 15, 2026 • Final approval hearing: January 14, 2027

Caliber Collision (Wand Newco 3, Inc. d/b/a Caliber Collision) has agreed to a $750,000 class action settlement resolving claims that it mishandled forfeited employer matching contributions in its 401(k) plan. The settlement could provide payments to current and former participants in the Caliber Holdings LLC Retirement Savings Plan (and its predecessor or successor plans) who participated at any time between September 10, 2019, and September 14, 2026.

Caliber denies all wrongdoing. The settlement has received preliminary approval from the court, but it is not final, and no payment date has been confirmed.

Key Takeaways

• Who is covered: Anyone who participated in the plan during the class period, including beneficiaries of deceased participants and alternate payees under a Qualified Domestic Relations Order (QDRO).
• No claim form: Eligible class members who are entitled to a payment will receive it automatically if the settlement becomes final.
• No opt-out: This is a mandatory (non-opt-out) class under Federal Rule of Civil Procedure 23(b)(1). You can object, but you cannot exclude yourself.
• Payment is not equal for everyone: Your share depends on the administrative expenses deducted from your plan account during the class period, compared with all class members’ expenses.
• Current participants generally get their share deposited into their plan account. Former participants generally get a check.
• Not final yet: The court, an independent fiduciary and any appeals must all be resolved before money is distributed. The notice warns this could take a long time, possibly several years if appeals are filed.

Caliber Collision 401(k) Settlement: Quick Facts

Settlement detail	Information
Settlement amount (gross)	$750,000
Defendant	Wand Newco 3, Inc. d/b/a Caliber Collision
Lawsuit	Fordyce v. Wand Newco 3, Inc. d/b/a Caliber Collision
Case number	4:25-cv-00997-ALM
Court	U.S. District Court, Eastern District of Texas, Sherman Division
Judge	Chief District Judge Amos L. Mazzant
Named plaintiff	Roy Fordyce
Retirement plan	Caliber Holdings LLC Retirement Savings Plan (and predecessor/successor plans)
Class period	September 10, 2019 – September 14, 2026
Main allegation	Improper use of forfeited employer matching contributions
Primary law	Employee Retirement Income Security Act of 1974 (ERISA)
Class type	Non-opt-out class, Fed. R. Civ. P. 23(b)(1)
Claim form required?	No
Can you opt out?	No
Payment amount	Individual pro rata share of the Net Settlement Amount
Objection deadline	December 15, 2026 (must be received by the court clerk)
Final approval (fairness) hearing	January 14, 2027, 10:00 a.m. (court local time in Sherman, Texas; 11:00 a.m. Eastern Time)
Current status	Preliminarily approved; final approval pending

What Is the Caliber Collision 401(k) Settlement About?

The lawsuit concerns how Caliber handled forfeitures in its 401(k) plan.

Many employers match employee 401(k) contributions. But employer matching money does not always belong to the employee right away. Many plans use a vesting schedule, meaning the employee must work for a set period before owning the employer contributions outright.

Under the Caliber plan, participants generally must work at least three years to vest in employer contributions. They are always 100% vested in their own contributions. Employees who leave before vesting forfeit the unvested employer money, as the plan provides.

The plaintiff claims ERISA required Caliber to use those forfeitures to pay the plan’s administrative expenses. Instead, he alleges, Caliber used the forfeitures to fund matching contributions it would otherwise have had to pay itself, so participants kept paying plan expenses from their own accounts.

Caliber denies this and says its practice is permitted by long-standing legal guidance, and that the forfeitures stayed in the plan and were used to benefit participants.

The parties settled after fully briefing Caliber’s motion to dismiss and attending a court-ordered mediation before U.S. Magistrate Judge Zack Hawthorn on May 14, 2026. The settlement was reached before the court ruled on the motion to dismiss.

What Are 401(k) Forfeitures, and Why Do They Matter?

A forfeiture happens when an employee leaves before meeting the plan’s vesting requirements and loses some or all of the employer-funded contributions in the account.

Example: An employer matches contributions but requires three years of service to vest. An employee leaves after two years. The employee keeps all of their own contributions and earnings, but the unvested employer match goes into a forfeiture account.

Plans often allow forfeitures to be used for one or more of the following:

1. Paying reasonable plan administration expenses.
2. Reducing future employer contributions.
3. Increasing benefits for other participants.

The key legal question in this and similar lawsuits is whether a plan merely permitting an option means the fiduciary is free to choose it without regard to ERISA’s duties of loyalty and prudence. Plaintiffs say no. Employers say long-standing guidance permits the practice.

What Did Caliber Allegedly Do With the Forfeited Money?

According to the plaintiff’s amended complaint, Caliber used more than $7 million in forfeitures to offset its own matching contributions between 2019 and 2024. The complaint alleges only about $179,828 was used to pay plan expenses over that period, while participants paid more than $8 million in administrative and other expenses from their accounts.

These figures are allegations only. They are not findings by a court, and Caliber disputes the claims.

Why Did Roy Fordyce Sue Caliber Collision?

Roy Fordyce, a former plan participant, filed the lawsuit on September 10, 2025, in the Eastern District of Texas, on behalf of himself, the plan and a class of participants and beneficiaries. An amended complaint followed on December 1, 2025.

This is not a wage, overtime or employment discrimination case. It is solely about how a retirement plan was managed and how unvested employer contributions were used.

Why does the class period start on September 10, 2019? That date is six years before the complaint was filed. ERISA generally bars fiduciary-breach claims filed more than six years after the breach (or three years after the plaintiff had actual knowledge), under 29 U.S.C. § 1113. The class period reflects that look-back window.

Which Laws Are Involved in the Caliber Collision 401(k) Lawsuit?

The case arises under ERISA, 29 U.S.C. § 1001 et seq. The plaintiff alleges the following violations.

1. Duty of Loyalty: 29 U.S.C. § 1104(a)(1)(A)

ERISA requires fiduciaries to act solely in the interest of participants and beneficiaries and for the exclusive purpose of (i) providing benefits and (ii) defraying reasonable expenses of administering the plan.

The plaintiff alleges Caliber used plan forfeitures to reduce its own contribution costs, putting the employer’s financial interest ahead of participants’.

2. Duty of Prudence: 29 U.S.C. § 1104(a)(1)(B)

Fiduciaries must act with the care, skill, prudence and diligence of a prudent person familiar with such matters. This is a process-based duty. The claim asks whether decision-makers investigated and weighed the available options for forfeitures, including the effect on participant-paid expenses, rather than whether one option produced a better dollar result.

3. Anti-Inurement Rule: 29 U.S.C. § 1103(c)(1)

Plan assets generally may never “inure to the benefit of any employer” and must be held for the exclusive purposes of providing benefits and defraying reasonable plan expenses. The plaintiff says offsetting employer contributions with forfeitures effectively benefited Caliber.

Caliber’s response, per the notice, is that the complaint itself concedes the forfeitures stayed in the plan and were allocated to participant accounts.

4. Prohibited Transactions: 29 U.S.C. § 1106(a)

Section 406(a) bars certain transactions between a plan and a “party in interest” (which includes the employer), including a transfer or use of plan assets for the benefit of a party in interest. The plaintiff alleges the use of forfeitures to reduce employer contributions was such a transaction.

Caliber argues that using forfeitures within the plan to fund participant matching contributions is not a prohibited “transaction.” Note that the U.S. Supreme Court’s 2025 decision in Cunningham v. Cornell University clarified that plaintiffs pleading a § 1106(a) claim do not have to negate statutory exemptions up front. That decision made prohibited-transaction claims easier to plead in many ERISA cases, though it did not decide whether any particular use of forfeitures is unlawful.

5. Self-Dealing and Conflicts: 29 U.S.C. § 1106(b)

Section 406(b) prohibits fiduciaries from dealing with plan assets in their own interest or acting for a party whose interests are adverse to the plan. This provision is commonly invoked alongside § 1106(a) in forfeiture cases. (The notice summary lists the loyalty, prudence, anti-inurement and prohibited-transaction theories; readers should consult the complaint on the settlement website for each count as pleaded.)

Other Provisions That Explain How the Case Works

Provision	What it does
29 U.S.C. § 1002(21)(A) (ERISA § 3(21))	Defines who is a fiduciary, including anyone exercising discretionary authority over plan management or assets
29 U.S.C. § 1002(34)	Defines an individual-account (“defined contribution”) plan such as a 401(k)
29 U.S.C. § 1053(a) (ERISA § 203) and 26 U.S.C. § 411	Set minimum vesting rules for employer contributions, including three-year cliff vesting for defined contribution plans
29 U.S.C. § 1104(a)(1)(D)	Requires fiduciaries to follow plan documents only to the extent consistent with ERISA, which is why a plan “allowing” forfeiture offsets does not end the inquiry
29 U.S.C. § 1109(a) (ERISA § 409)	Makes breaching fiduciaries personally liable to restore plan losses and any improper profits
29 U.S.C. § 1132(a)(2) and (a)(3) (ERISA § 502)	Allow participants to sue on behalf of the plan for relief and to seek other equitable relief
29 U.S.C. § 1132(e)	Gives federal courts jurisdiction and sets venue for ERISA claims
29 U.S.C. § 1113	Sets the six-year / three-year limitation periods for fiduciary-breach claims
29 U.S.C. § 1056(d)(3)	Defines QDROs, which is why alternate payees can be class members

Because the case is brought on behalf of the plan, the settlement money is designed to be restored to participant accounts rather than paid as a personal windfall to the named plaintiff.

What Does Caliber Collision Say About the Lawsuit?

Caliber denies every claim and says it managed the plan prudently and in participants’ best interests. The Long Form Notice summarizes its main defenses:

• The challenged conduct complies with over sixty years of legal guidance permitting forfeitures to offset employer contributions.
• The prohibited-transaction claims fail because forfeitures remained within the plan and were allocated to participant accounts.
• The anti-inurement claim fails because the forfeitures were used to provide participant benefits.

Caliber has not admitted liability, and the court has not ruled on the merits.

What Do IRS Rules Say About Using 401(k) Forfeitures?

For decades, IRS guidance has been understood to allow plans (if their documents permit) to use forfeitures to reduce employer contributions. Treasury Regulation § 1.401-7 and long-standing IRS revenue rulings, such as Rev. Rul. 71-313, are the guidance defendants most often point to.

In February 2023, the IRS and Treasury issued proposed regulations describing permissible uses of forfeitures (paying plan expenses, reducing employer contributions, or increasing other participants’ benefits) and adding a timing rule requiring forfeitures to be used within a set period after the plan year in which they arise. Proposed regulations are not final law.

Why this matters: Tax-qualification rules and ERISA fiduciary duties are different legal regimes. Permission under tax rules does not automatically answer whether a fiduciary acted loyally and prudently under ERISA. That gap is why these lawsuits are filed, and why courts have reached differing results on forfeiture claims. Nothing in the IRS guidance is a court ruling that Caliber’s conduct was lawful or unlawful.

Who Qualifies for the Caliber Collision $750,000 Settlement?

The court preliminarily approved this class definition:

All persons who participated in the Plan at any time during the Class Period, including any Beneficiary of a deceased Person who participated in the Plan at any time during the Class Period, and any Alternate Payee of a Person subject to a Qualified Domestic Relations Order who participated in the Plan at any time during the Class Period.

The Class Period is September 10, 2019 through September 14, 2026.

Do you have to be a current Caliber employee?

No. Former employees who participated in the plan during the class period are included. Your current employment status does not matter.

Does every Caliber employee qualify?

No. You must have participated in the Caliber Holdings LLC Retirement Savings Plan (or a predecessor or successor plan). Working at Caliber without ever being a plan participant does not make you a class member.

Do beneficiaries and former spouses qualify?

Potentially yes. The class expressly includes beneficiaries of deceased participants and alternate payees under a QDRO (a court order recognizing another person’s right to part of a participant’s retirement benefits, often after divorce).

How can you tell if you participated?

Look for old 401(k) account statements, plan enrollment confirmations, or the notice mailed to you. If you received the Long Form Notice, the plan’s records indicated you were a participant. If you are unsure, contact Class Counsel or the toll-free number listed below. Do not contact the court or Caliber with questions.

How Much Money Can You Receive?

The Gross Settlement Amount is $750,000, but that is not what gets divided. The following come out of the fund first, subject to court approval:

• Attorneys’ fees of up to 33⅓% of the Gross Settlement Amount (up to $250,000)
• Reimbursement of Class Counsel’s litigation expenses
• A Case Contribution Award of up to $5,000 to the class representative
• Settlement administration costs
• Applicable taxes

If the maximum fee and award are approved, the Net Settlement Amount would be no more than about $495,000 before litigation expenses, administration costs and taxes are subtracted. The final figure will not be known until the court rules.

How the Payment Is Calculated (Plan of Allocation)

1. The administrator adds up the plan expenses deducted from each class member’s account for each year of the class period. That total is the person’s “Expense Balance.”
2. It sums the Expense Balances of all class members.
3. Each member receives a share of the Net Settlement Amount in proportion to their Expense Balance relative to the total. This is the “Preliminary Entitlement Amount.”

Illustration only: If the net fund were $400,000 and your qualifying expenses were 1% of all class members’ expenses, your preliminary allocation would be $400,000 × 1% = $4,000. This is not a prediction of any real payment.

Minimum payment thresholds

Participant category	Minimum Preliminary Entitlement Amount
Former participant	$10.00
Active participant (positive account balance)	$1.00

Class members below the threshold receive nothing. Their amounts are reallocated pro rata among class members who meet the thresholds.

Is payment based on how long you worked at Caliber?

Not directly. It is based on the plan expenses charged to your account, not your years of service or how much you contributed.

Do You Need to File a Claim Form?

No. The settlement administrator uses the plan’s records. You do not need to submit a claim, upload proof of employment, calculate your own share, or pay anything.

How Will Payments Be Distributed?

• Current participants (active account with a positive balance): Your allocation will be deposited into your plan account. If that account is closed between the final calculation and payment, you receive a check instead.
• Former participants: The Settlement Administrator pays you directly by check.
• Check validity: Checks to former participants are valid for 180 days from the date of issue.
• Update your address: If you are a former participant and have not given the plan your current address, contact Class Counsel.

Can You Opt Out?

No. The class is certified as a non-opt-out class under Federal Rule of Civil Procedure 23(b)(1), which is typically used when separate individual lawsuits could produce inconsistent results or affect other class members’ interests. Rule 23(b)(1) classes, unlike Rule 23(b)(3) consumer-style classes, do not carry an individual right to exclude yourself.

If the settlement is finally approved, you will be bound by the court’s orders and by the release of all claims that were or could have been asserted in the lawsuit, or are otherwise released under the settlement.

What Claims Are Released?

Class members and anyone claiming through them will release the Released Parties from the Released Claims. The Released Parties are defined broadly and include Caliber and its insurers, affiliates, officers, directors and employees, as well as the plan and its current and past fiduciaries, administrators, recordkeepers and service providers. The full definitions are in the Settlement Agreement. Read it before deciding whether to object.

Can You Object to the Settlement?

Yes. The deadline is December 15, 2026. Your objection must be received by the court clerk by that date. Mailing it on December 15 is not enough.

What to include

• Your name, address, telephone number and signature
• A full explanation of all reasons for your objection
• The case name and number: Fordyce v. Wand Newco 3, Inc. d/b/a Caliber Collision, No. 4:25-cv-00997-ALM

Where to file it

United States District Clerk Paul Brown United States Courthouse 101 East Pecan Street, Room 216 Sherman, TX 75090

Send a copy to both counsel (by email or mail)

Class Counsel Tulio D. Chirinos Chirinos Law Firm PLLC 20283 State Road 7, Suite 592 Boca Raton, FL 33498 [email protected]

Defense Counsel Jeremy P. Blumenfeld Morgan, Lewis & Bockius LLP 2222 Market Street Philadelphia, PA 19103 [email protected]

If you email counsel, write “Fordyce v. Caliber Settlement” in the subject line. Sending an objection only to the settlement administrator does not satisfy the requirement.

Address check: Some summaries circulating online list a different courthouse address. The official Long Form Notice lists the Sherman address above. Always confirm on the official settlement website before mailing.

What can you object to?

The settlement amount, the allocation formula, the requested attorneys’ fees, the class representative award, the release of claims, or any other term. Under Rule 23(e)(5), objections must be stated with specificity, and the court considers them when deciding whether the settlement is “fair, reasonable, and adequate” under Rule 23(e)(2).

Can You Speak at the Final Approval Hearing?

You may attend the hearing even without objecting. To speak, you must:

1. File a timely written objection, and
2. File a “Notice of Intention To Appear at Fairness Hearing in Fordyce v. Wand Newco 3, Inc. d/b/a Caliber Collision, No. 4:25-cv-00997-ALM” with the Clerk at the address above, including your name, address, telephone number and signature. It must be received by the attorneys listed above and filed with the Clerk no later than December 15, 2026.

You do not have to attend for your objection to be considered.

When Is the Final Approval Hearing?

Detail	Information
Date	January 14, 2027
Time	10:00 a.m. (local court time in Sherman, Texas; 11:00 a.m. Eastern Time)
Court	U.S. District Court, Eastern District of Texas
Judge	Chief District Judge Amos L. Mazzant
Case	4:25-cv-00997-ALM

The notice states the hearing is subject to change, may be moved without further notice to the class, and may be held by telephone or video conference. Confirm the date and time with Class Counsel or on the settlement website before attending.

At the hearing, the judge will decide whether to grant final approval, and will rule on attorneys’ fees, expenses and the case contribution award. The settlement is not conditioned on approval of fees, expenses or the case contribution award.

Why Does the Settlement Require an Independent Fiduciary?

Because the settlement releases claims belonging to a retirement plan, ERISA’s prohibited-transaction rules come into play. The notice says approval by an independent fiduciary to the plan is a condition before the settlement can be completed. Settlements of this type commonly rely on the Department of Labor’s class exemption for litigation settlements involving plan claims (Prohibited Transaction Class Exemption 2003-39), which requires an independent fiduciary to review and approve the release. The independent fiduciary is separate from Caliber and evaluates whether the settlement is in the plan’s interest.

This is one reason payment cannot happen right after the January 14, 2027 hearing.

When Will Payments Arrive?

There is no confirmed payment date. Before any money moves, all of the following must occur:

1. Final court approval
2. Independent fiduciary approval
3. Transfer of the Net Settlement Amount to the plan
4. Calculation of each class member’s final amount
5. Resolution of any objector appeals

The notice states that if objections or appeals occur, the process “may take a long time to complete, possibly several years.”

When could the settlement be terminated?

If it is terminated (for example, the court declines to approve or materially modifies it, or an appeals court reverses or materially modifies approval), there will be no payments, and the lawsuit resumes as though the settlement had never been signed.

What Happens to Money That Cannot Be Distributed?

Amounts below the de minimis thresholds are reallocated among other class members. Under the proposed procedures, any other leftover amounts are handled as the Settlement Agreement and court orders direct. Read the Settlement Agreement on the official website for the exact treatment of uncashed or undeliverable funds.

Could a Settlement Payment Affect Your Taxes?

The settlement describes payments as intended “restorative payments” under IRS Revenue Ruling 2002-45. The notice makes each recipient fully responsible for any federal, state or local taxes resulting from the payment. Tax treatment can depend on whether the money is deposited into a plan account or paid by check, and on your personal circumstances. Do not assume any payment is automatically tax-free. Speak to a qualified tax professional. This article is not tax advice.

What Should Former Caliber Employees Do Now?

1. Confirm whether you participated in the Caliber Holdings LLC Retirement Savings Plan between September 10, 2019, and September 14, 2026.
2. Read the Long Form Notice and, if you want to, the full Settlement Agreement.
3. Update your mailing address with Class Counsel so a check can reach you.
4. Decide, before December 15, 2026, whether you want to object.
5. Watch your mail, and cash any check within 180 days.

Is the Caliber 401(k) Settlement Legitimate?

Yes. It is a court-authorized class action settlement. The Long Form Notice states that a federal court authorized it and that it is not a solicitation from a lawyer. Be cautious of anyone who asks you for a fee, your Social Security number or bank details “to claim” this settlement. The notice says you do not need to file a claim. Get information only from the official website or the contacts below.

Settlement Contacts and Official Resources

Toll-free: 1-888-714-2152 Email: [email protected] (subject line: “Fordyce v. Caliber Settlement”) Class Counsel phone: 561-299-6334 Settlement administrator (as listed on the settlement website): Analytics Consulting LLC, Caliber 401(k) Settlement, P.O. Box 2009, Chanhassen, MN 55317-2009

Do not contact the court, the Clerk’s office, Caliber or Caliber’s counsel with questions about the notice. The notice says they cannot answer them.

Court-appointed Class Counsel: Chirinos Law Firm PLLC, Milberg PLLC, Bloom Legal and Kendall Law Group LLC. Class members do not pay them directly. Any fees come from the settlement fund if the court approves. You may hire your own lawyer at your own expense.

Official links

• Official Caliber 401(k) Settlement Website
• Long-Form Settlement Notice (PDF)
• Full Settlement Agreement (PDF)
• Frequently Asked Questions
• Important Case Documents
• About Class Counsel
• Contact the Administrator

Related ERISA and 401(k) Settlement Coverage

• Frontier Communications $14.05 Million 401(k) Settlement: Who Qualifies and the Rollover Deadline
• Capital One $9.6 Million ERISA 401(k) Forfeiture Settlement
• NextEra Energy $8 Million ERISA 401(k) Settlement

Frequently Asked Questions About the Caliber Collision 401(k) Settlement

1. Is the Caliber Collision $750,000 settlement real?

Yes. It is documented in the official materials for Fordyce v. Wand Newco 3, Inc. d/b/a Caliber Collision, Case No. 4:25-cv-00997-ALM, in the Eastern District of Texas. It has preliminary approval; final approval is pending.

2. Who qualifies?

People who participated in the Caliber Holdings LLC Retirement Savings Plan (or a predecessor or successor plan) between September 10, 2019 and September 14, 2026, plus beneficiaries of deceased participants and QDRO alternate payees.

3. Do former Caliber employees qualify?

Yes, if they participated in the plan during the class period.

4. Do I have to file a claim form?

No. Payments are calculated from plan records.

5. How much will I receive?

There is no fixed amount. Your share depends on your Expense Balance relative to all class members’ Expense Balances, after fees, costs and taxes are deducted from the $750,000 fund.

6. Is the money split equally?

No. It is split pro rata based on plan expenses deducted from each account.

7. What is the minimum payment for former participants?

Former participants whose preliminary share is under $10 receive nothing.

8. What is the minimum payment for current participants?

Active participants whose preliminary share is under $1 receive nothing.

9. Can I opt out?

No. The class is a non-opt-out class under Rule 23(b)(1).

10. Can I object?

Yes, by December 15, 2026, to the Clerk of Court in Sherman, Texas, with copies to Class Counsel and Defense Counsel.

11. What if I do nothing?

If you are a class member, you remain in the settlement. You will receive any payment you are entitled to, and you will be bound by the settlement and release if it is approved.

12. When is the final approval hearing?

January 14, 2027, at 10:00 a.m. court local time (11:00 a.m. Eastern Time), subject to change.

13. How will current participants be paid?

By deposit into their plan account, unless the account closes before payment, in which case by check.

14. How will former participants be paid?

By check mailed by the Settlement Administrator, valid for 180 days.

15. Did Caliber admit wrongdoing?

No. Caliber denies all allegations.

16. When will payments be sent?

No date has been set. Final approval, independent fiduciary approval, transfer of funds and any appeals must come first.

17. What if the court does not approve the settlement?

The agreement may be terminated, no payments will be made, and the case continues.

18. Do the attorneys’ fees reduce my payment?

Yes. Court-approved fees, expenses, the case contribution award and administration costs are paid from the $750,000 fund before the net amount is allocated.

19. Who do I contact with questions?

The toll-free line at 1-888-714-2152, the settlement email above, or Class Counsel. Not the court or Caliber.

20. Is this tax-free?

Not necessarily. Recipients are responsible for any taxes. Consult a tax professional.

Final Takeaway: What Caliber Employees and Former Employees Should Know

The Caliber Collision $750,000 settlement resolves allegations that the company used forfeited, unvested employer matching contributions to cut its own contribution costs instead of paying plan expenses. Anyone who participated in the plan from September 10, 2019 to September 14, 2026 may be a class member.

There is no claim form and no opt-out. Payments depend on the plan expenses charged to your account, and current participants generally receive deposits into their plan accounts while former participants receive checks.

The key dates:

• December 15, 2026: Objections and Notices of Intention to Appear must be received.
• January 14, 2027, 10:00 a.m. court time (11:00 a.m. Eastern): Final approval hearing.

The settlement is not final, and no payment date has been set. Always rely on the official notice and settlement website.

Researched and written by Israr Ahmad, Legal Content Researcher, AllAboutLawyer.com. This article is for general informational purposes only and is not legal, tax or financial advice. AllAboutLawyer.com is an independent legal-information website and is not a law firm, is not affiliated with Caliber Collision, the court, Class Counsel or the Settlement Administrator, and does not create an attorney-client relationship. Settlement terms, deadlines and hearing details can change. The official Long Form Notice, Settlement Agreement and court orders control eligibility, objections, allocation and payment. If you have legal questions about your rights, consult a licensed attorney.

Sources: Official Long Form Notice of Class Action Settlement (caliber401ksettlement.com); Settlement Agreement and case documents on the official settlement website; Fordyce v. Wand Newco 3, Inc., No. 4:25-cv-00997-ALM (E.D. Tex.); ERISA, 29 U.S.C. §§ 1002, 1053, 1056, 1103, 1104, 1106, 1109, 1113, 1132; 26 U.S.C. § 411; Treas. Reg. § 1.401-7; IRS Rev. Rul. 2002-45; Fed. R. Civ. P. 23; DOL PTCE 2003-39; Cunningham v. Cornell University (U.S. 2025).