Kimberly-Clark $2.25M 401(k) ERISA Class Action Settlement

If you participated in the Kimberly-Clark Corporation 401(k) and Profit Sharing Plan at any time from April 15, 2015 through March 10, 2025, you may be eligible to submit a claim for a payment from a $2.25 million class action settlement.

Kimberly-Clark Corporation has agreed to pay $2,250,000 to resolve a class action lawsuit that alleged the company and its Benefits Administration Committee allowed the 401(k) and Profit Sharing Plan to pay excessive administrative fees.

Who is eligible for a class action payout?

Class members meet the following criteria:

• You were a participant or the beneficiary of someone in the Kimberly-Clark Corporation 401(k) and Profit Sharing Plan at any time from April 15, 2015 through March 10, 2025.
• The qualifying 401(k) or Profit Sharing Plan had a positive account balance in the Plan during that period.
• You are an alternate payee entitled to benefits under a valid Qualified Domestic Relations Order (QDRO) related to a participant’s balance in the Plan during the class period.

There are two defined classes:

• Current Participants: Individuals with a positive balance in their Plan account as of March 10, 2025.
• Former Participants: Individuals who no longer have a positive balance as of March 10, 2025, but had one during the class period.

Who is excluded?

The following individuals are excluded from the settlement:

• Any Plan participant who is or was a fiduciary to the Plan during the class period.

How much is the class action rebate?

• Settlement payments will be calculated according to the Plan of Allocation and will be determined by factors such as the size of each class member's account balance during the class period.
• Class members with a settlement share of less than $25 will not receive a payment.

No claim form required

Class members do not need to submit a claim form to receive a settlement benefit. The settlement administrator has been provided Plan records to determine eligibility.

Settlement Payout options

• Current Participants: Payment will be deposited into your Plan account
• Former Participants: Paper check mailed to address on file

$2.25 Million class action settlement fund

The settlement fund of $2,250,000 includes:

• Attorneys' fees: Up to $750,000
• Attorneys' expenses: Up to $180,000
• Service awards to class representatives: Up to $10,000 each, a total of $20,000
• Settlement administration costs: To be determined
• Payments to class members: Remaining settlement funds

Important dates

• Objection deadline: June 27, 2025
• Claim deadline: N/A No claim form required
• Final approval hearing: July 18, 2025 at 9:00 a.m.

There is no deadline to file a claim because no claim form is required.

When is the Kimberly-Clark ERISA settlement payout date?

The final hearing will take place on July 18, 2025. Payments will be issued to current and former Plan participants approximately 90 days after the court grants approval.

Why is there a class action settlement?

The lawsuit alleged that Kimberly-Clark Corporation and its Benefits Administration Committee allowed the Plan to pay excessive administrative fees, violating the Employee Retirement Income Security Act (ERISA). The defendants deny the allegations but agreed to settle to avoid the costs of continued litigation and a possible trial.

Sources

1. Class Notice
2. Settlement Website FAQ Page
3. Settlement Agreement