Eversource Energy Service Co. agreed to pay $15 million as part of a class action lawsuit settlement to resolve claims it charged unreasonable fees and made high-cost investments with employee 401(k) funds.

According to participants of Eversource’s 401(k) plan, the company failed to meet its fiduciary duties under the federal Employee Retirement Income Security Act (ERISA). As a result, retirement plan participants allegedly lost money.

Eversource is New England’s largest energy delivery company with 4 million customers in Connecticut, Massachusetts and New Hampshire; the company has more than 9,000 employees.

The ERISA class action lawsuit claims Eversource allowed service providers to charge unreasonable record-keeping and administrative expenses to the plan. In addition, Eversource allegedly selected high-cost investments for the plan instead of more prudent investments that would have resulted in better plan performance.

Table of Contents

Eversource 401(k) Fees Class Action Lawsuit

Who’s Eligible:
- The settlement benefits participants of Eversource 401(k) plan on or after June 30, 2014 through and including April 27, 2023.
Estimated Amount: TBD
Proof of Purchase:
- Proof of Purchase Text
Claim Form Deadline: 08/25/2023
Case Name & Number:
- Garthwait, et al. v. Eversource Energy Service Co., et al., Case No.: 3:20-cv-00902-JCH, in the United States District Court for the District of Connecticut.
How to file a claim:
- Head over to the Claim Form.
- Read over the claim form to see if you are eligible.
- Complete the claim form with your info.
- Submit your claim form to receive your potential award!

File a Claim

(Click here to file a claim)

Bottom Line

Don’t forget to take a look at our full list of Class Action Lawsuit Settlements! Be sure to give our list of No-Proof Class Action lawsuit to see other settlements you may qualify for.