Class-action settlement · Open
Nemours Foundation retirement plan settlement
The Nemours Foundation has agreed to pay $2,275,000 to settle an ERISA case in the Middle District of Florida over its retirement plans. If you were a participant in or a beneficiary of The Nemours Foundation Section 403(b) Plan or the Pediatric Medical Services of Florida, Inc. 401(k) Plan at any time between January 1, 2017 and December 31, 2025, you may be eligible for a share of what is left after court-approved fees, costs and expenses, worked out from your average account balance under a plan of allocation the court has still to approve. There is no claim form and nothing to pay anyone — the administrator works from the plans' own records. Objections are due February 22, 2027, the fairness hearing is March 23, 2027, individual amounts will not be known for months after that, and only the administrator decides who is paid.
There is no claim form for this one. The administrator pays consumers it has already identified, so the useful step is to make sure they can reach you — not to file anything. Anyone offering to file it for you, for a fee, is selling you nothing.
When the money moves
What the official materials say about the payment schedule for this settlement, and what the administrator has published since. Every figure below is linked to the page it was read from.
- Status
- Payments have not started
Expected
The notice says individual amounts will not be known for a number of months after final approval, and that payment follows the court's approval of a plan of allocation and the resolution of any appeals. The fairness hearing is set for March 23, 2027.
Read off the official notice, in its own words. These dates slip — an appeal can move a distribution by a year or more — so treat it as the administrator's plan rather than a schedule.
Source: the official notice ↗
Facts from the official materials
- Status
- Open
- Type
- Class-action settlement
- Category
- Banking and finance
- Defendant / company
- The Nemours Foundation
- Administrator
- American Legal Claim Services, LLC (nemourserisasettlement.com)
- Claim deadline
- No claim to file — fairness hearing March 23, 2027
- Eligibility period
- January 1, 2017 – December 31, 2025
- States
- See official notice (often nationwide)
- Proof
- No claim to file — payments are sent automatically
- Possible amount
- Share of a $2.28M fund
- Source confidence
- high
- Last verified
- October 21, 2026
Covered products and services
- The Nemours Foundation Section 403(b) Plan
- Pediatric Medical Services of Florida, Inc. 401(k) Plan
Cannarozzo, et al. v. The Nemours Foundation · 3:23-cv-0136-BJD-LLL · U.S. District Court for the Middle District of Florida, Jacksonville Division
A gross settlement of $2,275,000. What is left after court-approved attorneys' fees — class counsel may ask for up to 33 percent — plus costs and administration expenses is shared out as a pro rata amount based on each member's average account balance over the class period, under a plan of allocation the court has yet to approve. There is no claim form and no published per-person range: the notice says individual amounts will not be known for months after final approval.
Important dates
- Fairness hearing
- March 23, 2027
Why this case happened
The case is brought under ERISA on behalf of participants and beneficiaries of The Nemours Foundation Section 403(b) Plan and the Pediatric Medical Services of Florida, Inc. 401(k) Plan, including predecessor and successor plans. The foundation denies the allegations and the court has not ruled on the merits. Objections are due February 22, 2027.
Eligibility questions
These questions help you decide whether to read the official notice. They are not a legal determination.
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