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Dionicio et al v. U.S. Bancorp et al

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Case Number:

0:23-cv-00026

Court:

Nature of Suit:

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

Multi Party Litigation:

Class Action

Judge:

Patrick J. Schiltz

Firms

Companies

U.S. Bancorp

Sectors & Industries:

Financial
- Money Center Banks

January 27, 2026
US Bancorp Shells Out $250K To End Workers' 401(k) Suit

U.S. Bancorp has agreed to pay $250,000 to end a class action by participants in the company's employee 401(k) plan alleging the plan paid excessive recordkeeping fees in violation of federal benefits law.
November 10, 2025
US Bank Settles 401(k) Recordkeeping Fee Class Action

U.S. Bancorp and a class of participants in the company's employee 401(k) plan told a Minnesota federal court on Monday that they had reached a settlement deal to resolve workers' allegations that the plan paid excessive recordkeeping fees in violation of federal benefits law.
March 13, 2025
US Bank Agrees To Massive Class In 401(k) Fee Suit

U.S. Bancorp told a Minnesota federal court Thursday that it agreed to the certification of an approximately 93,000-member class in a lawsuit alleging the financial company allowed its employee 401(k) to pay exorbitant recordkeeping fees.
June 05, 2024
US Bancorp Can't Get Immediate Appeal In 401(k) Fee Suit

U.S. Bancorp can't yet appeal an order letting a proposed class action over its 401(k) plan's recordkeeping fees proceed, a Minnesota federal judge ruled, saying the company failed to demonstrate that doing so would expedite the case.
May 10, 2024
US Bancorp Seeks Quick Appeal In 401(k) Fee Suit

U.S. Bancorp asked Friday for approval to immediately appeal an order allowing a proposed class action over record-keeping fees for the bank's 401(k) plan to move forward, telling a Minnesota federal court that getting the Eighth Circuit's take could provide clarity to other cases nationwide.
May 03, 2023
US Bank Says 401(k) Fee Suit Cites Mismatched Plans

U.S. Bancorp has asked a federal judge to toss a proposed class action over recordkeeping fees for the bank's 401(k) plan, telling the judge the suit lacks specifics about how the fees stack up against those of other similarly sized retirement plans.
January 06, 2023
US Bank Saddled $10B 401(k) Plan With High Fees, Suit Says

Two participants in U.S. Bancorp's roughly $10 billion 401(k) plan have sued the financial giant in Minnesota federal court, alleging in a proposed class action that the company failed to monitor its retirement fund's "high-cost" record-keeping fees, costing beneficiaries tens of millions of dollars.