Ricoh USA $1.75 Million ERISA Retirement Plan Settlement

Ricoh USA $1.75 Million ERISA Retirement Plan SettlementParticipants in the Ricoh USA retirement savings plan between 2016 and 2026 may be eligible to receive a cash payment from a class action settlement.Ricoh USA $1.75 Million ERISA Retirement Plan SettlementWeekly NewsletterClass actions settlements delivered to your inbox.Thank you! Check your inbox for a welcome email.Oops! Something went wrong while submitting the form.Danielle TothEditorPublishedAugust 12, 2026 3:01 PMUpdatedAugust 24, 2026Join the DiscussionParticipants in the Ricoh USA Inc. retirement savings plan at any time between Feb. 22, 2016, and March 24, 2026, may be eligible to receive a cash payment from a class action settlement.Ricoh USA Inc. agreed to pay $1.75 million to settle a class action lawsuit alleging it violated federal law when managing its retirement savings plan. The suit claimed Ricoh and related parties failed to properly manage plan fees, offered an imprudent investment option and misused certain plan funds. Who are the class members?The class includes:Anyone who participated in the Ricoh USA Inc. retirement savings plan at any time from Feb. 22, 2016, through March 24, 2026Any beneficiary of a deceased person who participated in the plan during that periodAny alternate payee of a person subject to a qualified domestic relations order who participated in the plan during the class periodThe settlement administrator will use plan records to identify eligible class members.How much can class members get?The total settlement fund is $1,750,000. However, the amount each class member will receive depends on several factors. After deducting attorneys' fees and costs, service awards for the lead plaintiffs and administrative expenses, the settlement administrator will distribute the remaining amount among eligible class members.Each class member’s share is based on their account balances during the class period.