Liberty Mutual $13.4 Million 401(k) Settlement, Check If You Qualify, Deadline Aug 22, Ahmed v. Liberty Mutual Group, No. 3:20-cv-30056-MGM

if you had money in Liberty Mutual’s 401(k) plan any time between April 2014 and the end of 2025 — yes, you’re almost certainly included. There’s a $13.4 million settlement, and whether you need to lift a finger depends on one thing: are you still in the plan today?

Liberty Mutual 401(k) Settlement — Key Facts

Settlement Amount	$13,400,000 (Net Settlement Amount, plus interest)
Claim Deadline	August 22, 2026 — Former Participants only
Who Qualifies	Plan participants/beneficiaries, April 10, 2014 – Dec. 31, 2025
Estimated Payout	Set by Court-approved Plan of Allocation — not yet published
Proof Required	No — Current Participants; Yes, claim form — Former Participants
Settlement Status	Preliminary approval granted; Fairness Hearing pending
Court & Case Number	U.S. District Court, District of Massachusetts, No. 3:20-cv-30056-MGM
Law Alleged	ERISA, 29 U.S.C. §1001 et seq.
Administrator	Analytics Consulting LLC
Official Claim Site	libertymutualerisa.claims-administrator.com
Last Updated	July 8, 2026

Who Is Liberty Mutual and Why Are They Being Sued Over 401(k) Fees?

Liberty Mutual runs a 401(k) plan holding roughly $7 billion in assets for more than 50,000 participants, which is exactly the kind of size that gives a plan sponsor real bargaining power over what it pays for recordkeeping. Plan participants argued the company didn’t use that leverage. The claim was that Liberty Mutual and its 401(k) plan administrative committee breached their fiduciary duties by allowing service providers to charge excessive fees for recordkeeping and managed account services, and by keeping underperforming investment options in the lineup.

What Did Liberty Mutual Do to Plan Participants Between 2014 and 2025?

The lawsuit, Ahmed et al. v. Liberty Mutual Group Inc., filed in April 2020, didn’t just take aim at fees in the abstract. Plaintiffs pointed to specific holdings, challenging the Wells Fargo U.S. Government Money Market Fund and the Sterling Mid-Cap Value Fund as imprudent investments that should have been removed from the plan. That’s an unusually specific target for an ERISA case — most excessive-fee suits stay vague about which funds were the problem.

This case almost went to a jury. It settled nearly five years after it was filed, on the eve of a rare jury trial in ERISA litigation, and a Massachusetts federal judge had already refused to toss the case, ruling that workers had shown Liberty Mutual’s decisions cost them money. Liberty Mutual isn’t admitting fault. But this one didn’t fold early — it fought until weeks before trial.

That timing matters for you. Settlements struck right before trial usually reflect real risk assessment on both sides, not just a company writing off a nuisance suit.

Related article: AT&T $1.75 Million Wage and Hour Settlement: Were You Affected? Payments Sept 2026, Gerald Arevalo, et ano. v. AT&T Mobility Services LLC, et al., No. 25-2-20318-2 SEA

Who Qualifies for the Liberty Mutual 401(k) Settlement?

Here’s exactly how to know if this case includes you. The class is defined as all participants and beneficiaries of the Liberty Mutual 401(k) Plan from April 10, 2014 through December 31, 2025, excluding the Defendants.

• Anyone who had money in the plan on December 31, 2025 — you’re a Current Participant
• Anyone whose account was already closed out or rolled over before that date — you’re a Former Participant
• Beneficiaries of a deceased or separated participant during the class period also qualify
• Liberty Mutual employees who never enrolled in the plan do not qualify

There’s no opt-out available here. The court certified this class under Federal Rule 23(b)(1), which means you’re bound by the outcome whether you like the settlement or not. You can still object — just not exit.

Liberty Mutual 401(k) Participants Outside Massachusetts — Are You Still Covered?

Yes. This is a federal ERISA class action, so it covers plan participants nationwide. It doesn’t matter what state you worked in — what matters is whether you had an account in the plan during the class period.

Not sure if you qualify for the Liberty Mutual 401(k) settlement or whether you count as a Current or Former Participant? A free consultation with an ERISA attorney can help you sort that out before the August deadlines hit.

How Much Can Liberty Mutual 401(k) Settlement Class Members Get?

The settlement establishes a Qualified Settlement Account of $13,400,000, and the Net Settlement Amount is that same $13.4 million, plus interest, minus Administrative Expenses, taxes, Court-approved Attorneys’ Fees, Reimbursement of Expenses, and Class Representatives’ Case Contribution Awards. What’s left gets divided under a Plan of Allocation the court still has to approve — there’s no per-person number published yet.

How you get paid depends on which bucket you’re in. Current Participants don’t need to do anything; their share goes straight into their existing plan account. Former Participants must submit a claim form, and their distribution arrives as a mailed check or a rollover to a qualified retirement account. Payments over $600 may appear on a 1099. Check with a tax professional before you file.

Half this class gets paid automatically and never has to think about it. The other half has one form standing between them and their check.

How to File Your Liberty Mutual 401(k) Settlement Claim

1. Go to libertymutualerisa.claims-administrator.com
2. Confirm whether you’re a Current or Former Participant
3. If you’re a Former Participant, complete the claim form with your name, contact details, and account information
4. Choose a check by mail or a rollover to a qualified retirement account
5. Submit before the deadline and save your confirmation
6. Current Participants: skip filing — just watch your plan account for the allocation

Takes about 10 minutes if you’re a Former Participant. Current Participants don’t need to file at all.

⚠️ 45 days left to file a Former Participant claim — the deadline is August 22, 2026.

Liberty Mutual 401(k) — Frequently Asked Questions, No. 3:20-cv-30056-MGM

Do I need a lawyer to file a Liberty Mutual 401(k) settlement claim? 

No. The court appointed Schlichter Bogard LLC, based in St. Louis, Missouri, as Class Counsel, and filing doesn’t require your own attorney.

Is the Liberty Mutual 401(k) settlement legitimate? 

Yes. It stems from a real case, Ahmed et al. v. Liberty Mutual Group, Inc. et al., No. 3:20-cv-30056-MGM, pending in the District of Massachusetts, and is administered by Analytics Consulting LLC.

Can I opt out of the Liberty Mutual 401(k) settlement? 

No. Because the class was certified under Federal Rule of Civil Procedure 23(b)(1), Class Members are bound by any judgment or order in the case and cannot exclude themselves.

When will Liberty Mutual settlement payments be sent?

 Not before the Final Fairness Hearing on September 2, 2026, at 11:00 a.m. — final approval, and any appeals, come first.

What if I missed the Liberty Mutual claim deadline?

 The Former Participant Claim Form deadline is August 22, 2026. Contact the Settlement Administrator immediately if you’re close to that date.

How do I object to the Liberty Mutual 401(k) settlement?

 Written objections must reach the court no later than August 3, 2026, addressed to the U.S. District Court for the District of Massachusetts, 300 State Street, Springfield, MA 01105.

Am I part of the Liberty Mutual lawsuit if I already rolled my 401(k) into an IRA?

 Yes — that makes you a Former Participant, and you’ll need to submit a claim form to get paid.

What specific investments did the Liberty Mutual lawsuit target?

 The complaint challenged the Wells Fargo U.S. Government Money Market Fund and the Sterling Mid-Cap Value Fund as imprudent holdings, alongside the recordkeeping fees themselves.

Sources Used in This Liberty Mutual 401(k) Settlement Article

• Official Settlement Site — Liberty Mutual ERISA Settlement, Frequently Asked Questions: libertymutual401ksettlement.com/frequently-asked-questions
• Official Settlement Site — Important Dates: libertymutual401ksettlement.com/important-deadlines
• PLANSPONSOR — “Liberty Mutual Agrees to $13.4M Settlement in 401(k) Excessive Fee Complaint,” Feb. 2026: plansponsor.com
• Law360 — Ahmed et al v. Liberty Mutual Group, Inc. et al. case coverage: law360.com/cases

This article is for informational purposes only and does not constitute legal advice. Laws vary by state and individual circumstances differ. For advice about your specific situation, consult a qualified attorney.