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KRUTCHTEN et al v. RICOH USA, INC. et al

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Case Number:

2:22-cv-00678

Court:

Pennsylvania Eastern

Nature of Suit:

Labor: E.R.I.S.A.

Multi Party Litigation:

Class Action

Judge:

JUAN R. SANCHEZ

Firms

Companies

Ricoh Co. Ltd.

Sectors & Industries:

Consumer Goods
- Business Equipment

February 06, 2026
Ricoh Will Pay $1.75M To End 401(k) Forfeiture, Fee Suits

Ricoh USA Inc. has agreed to pay $1.75 million to end two proposed class actions from ex-workers alleging the technology company allowed excessive fees, offered underperforming investments and misspent forfeitures from its $2 billion employee 401(k) retirement plan, according to filings in Pennsylvania federal court.
November 13, 2025
Ricoh USA Inks Deals In Pair Of 401(k) Forfeiture, Fee Suits

Ricoh USA Inc. informed Pennsylvania federal judges Thursday that it has brokered settlements to close two suits claiming the digital services company mismanaged its $2 billion retirement plan, including one case that saw its excessive fees claims revived by the Third Circuit.
November 15, 2022
Ex-Workers' 401(k) Fee Suit Tossed For Missing Context

A Pennsylvania federal judge on Tuesday dismissed a suit alleging a digital services company overcharged workers in retirement plan management fees, faulting the workers for only comparing pricing to other plans, not services, to claim they were duped.
July 06, 2022
Workers Slam Electronics Co.'s Attempt To Evade 401(k) Suit

Beneficiaries of an American unit of a Japanese electronics company implored a Pennsylvania federal court not to throw out their proposed class action accusing the company of mismanaging its $2 billion retirement plan, arguing the suit was adequately pled and the company's shots at plaintiffs' counsel were unjustified.
May 03, 2022
Electronics Co. Looks To Escape Retirement Plan Fee Suit

The American unit of a Japanese electronics company urged a Pennsylvania judge to toss a proposed class action accusing it of mismanaging its $2 billion retirement plan, arguing that comparing the plan's fees to others' says nothing about the plan management style.
February 23, 2022
Japanese Electronics Co. Sued Over High 401(k) Fees

Beneficiaries of a $2 billion retirement plan managed by the American unit of a Japanese electronics company hit the company's board with a proposed class action, alleging they mismanaged the fund by artificially inflating expense ratios to pay for high administrative and recordkeeping costs.