Learn How This Case Affects Your Rights and Get Answers to Your Questions About the Case
ATTENTION:
Settlement Payments to eligible current participant class members were deposited to individual plans on October 15, 2024; checks for eligible former participant class members were mailed on October 17, 2024.NY Life ERISA Settlement
Krohnengold, et al. v New York Life Insurance Company, et al.,
Civil Action No. 1:21-cv-01778-JMF
Welcome to the NY Life ERISA Settlement Home Page.
If you participated in or were a beneficiary of the New York Life Insurance Employee Progress Sharing Investment Plan or the New York Life Insurance Company Agents Progress Sharing Investment Plan (the “Plans” and each a “Plan”) at any time from March 2, 2015 to the present, and your Plan account was invested in one or more of the following funds, you are a part of a class action settlement:
MainStay Epoch U.S. All Cap Fund
MainStay Epoch U.S. Small Cap Fund
MainStay Income Builder Fund
any MainStay Retirement Fund
Fixed Dollar Account
This website is provided as a service to eligible settlement class members. The information provided is in summary form and is not intended as a complete explanation of your rights. For full and complete information, you are directed to review carefully the Notice.
YOUR LEGAL RIGHTS AND OPTIONS IN THIS LAWSUIT
DO NOTHING
You will get a share of the Settlement benefits to which you are entitled and will give up your rights to sue the Defendants about the allegations in this case. Eligible current Plan participants will receive their share of the Settlement via a deposit to their Plan account. Eligible beneficiaries of current Plan participants will receive their share of the Settlement by check. Eligible former Plan participants and their beneficiaries will receive their Settlement payments by check, unless they affirmatively elect to receive their payment through a rollover to a qualified retirement account.
SUBMIT A ROLLOVER FORMER (FORMER PLAN PARTICIPANTS AND THEIR BENEFICIARIES ONLY)
If you are a former Plan participant or beneficiary, and you would like to receive your settlement payment through a rollover to a qualified retirement account, you must complete, sign, and mail the enclosed Former Participant Rollover Form by
July 8, 2024.
OBJECT BY JUNE 20, 2024
You may write to the Court if you don’t like the Settlement to explain why you object.
ATTEND A HEARING
You may ask to speak in Court about the fairness of the Settlement.
Settlement Status
- The Court Approved the Settlement on July 19, 2024.
- Class Member payments under the Plan of Allocation have been made.