MyMichigan Health 403(b) ERISA Class Action Settlement

MyMichigan Health 403(b) ERISA Class Action Settlement is a $1,900,000 Qualified Settlement Fund. Participants who used GoalMaker or directed any part of their account to the plan's Guaranteed Income Fund from March 18, 2019 through the date of preliminary court approval are paid automatically — there is no claim form. Current participants get a plan-account deposit; others get a mailed check. This is a mandatory Rule 23(b)(1) class (no opt-out). The fairness hearing is November 18, 2026; that date is not a claim deadline. The two official documents disagree on the objection deadline — use September 30, 2026 (the mailed notice's earlier date) to be safe.

Do I Qualify?

You may be eligible if:

• You participated in the MyMichigan Health 403(b) Savings Plan
• You used GoalMaker (an automated allocation tool) OR you directed any part of your account to the plan's Guaranteed Income Fund
• That activity fell from March 18, 2019 through the date the court granted preliminary approval (the notice does not publish that end date)
• No claim form is required — payment is automatic if the court grants final approval
• A $0 average stable-value (GIF) balance computes to no payment
• This is a mandatory class; you cannot opt out

No claim form needed. Payment is automatic if the court grants final approval. November 18, 2026 is the fairness hearing, not a claim-filing deadline. Non-current participants can optionally submit a Rollover Form by that date. File any objection by September 30, 2026 — the mailed notice's date, which is earlier than the date on the settlement website.

What Happened?

Plaintiffs alleged ERISA breaches involving the MyMichigan Health 403(b) Savings Plan's GoalMaker allocation tool and Guaranteed Income Fund. Defendants deny wrongdoing and agreed to settle.

The settlement creates a $1.9 million Qualified Settlement Fund. Attorney fees are capped at $633,333.33; costs and up to $5,000 per representative in service awards are also deducted. The net amount is split pro rata by each participant's average stable-value (GIF) balance. A $0 average balance computes to no payment. No official per-person figure has been published.

There is no claim form. Current participants receive a deposit into their plan account; others receive a mailed check. The class is mandatory (Rule 23(b)(1)). The settlement website lists an October 28, 2026 objection deadline; the mailed long-form notice lists September 30, 2026. Use September 30, 2026 to be safe. The fairness hearing is November 18, 2026.

Do I Need to File a Claim?

1. NO ACTION NEEDED — payment is automatic; there is no claim form
2. November 18, 2026 is the fairness hearing, not a claim-filing deadline
3. Current participants get a plan-account deposit; others get a mailed check — both automatic if the court grants final approval
4. Optional Rollover Form for non-current participants, due November 18, 2026, sends the payment to an IRA or employer plan
5. Mandatory Rule 23(b)(1) class — no opt-out. File any objection by September 30, 2026 (mailed notice). The settlement website lists October 28, 2026
6. Official settlement site: https://www.mymichigansettlement.com/

How Much Will I Actually Get?

$1.9 million Qualified Settlement Fund. Fees are capped at $633,333.33; costs and up to $5,000 per representative service awards are also deducted. The remaining amount is split pro rata by each participant's average balance in the plan's stable-value (GIF) option. A $0 average balance computes to no payment. No official per-person figure has been published, and individual balances vary.

Last reviewed: September 7, 2026 | Information verified from court records and official settlement documents.

Frequently Asked Questions