Lawsuits attacking allegedly excessive 401(k) fees, both for investment management and recordkeeping and administration, have proliferated since roughly the middle of the 2000s, when attorney Jerry Schlichter began bringing them en masse against large U.S. corporations.
Many have settled since then, including a recent self-dealing lawsuit involving American Airlines and an affiliated investment management firm. Parties in that lawsuit recently agreed to a $22 million settlement.
That, though, is small potatoes compared with some of the other paydays in these legal scuffles. Here are some of the largest settlements in excessive-fee cases, from smallest to largest.