In 2016, the top 10 class-action settlements in lawsuits brought under the Employee Retirement Income Security Act totaled $807.4 million, according to the 13th edition of the Workplace Class Action Report, published by the law firm Seyfarth Shaw.
That was down from the previous two years. The top 10 settlements totaled $926.5 million in 2015, and $1.31 billion in 2014.
The largest settlements in 2016 were dominated by so-called church plan cases, which question whether or not pension plans sponsored by religiously affiliated hospital conglomerates are exempted from ERISA's fiduciary requirements.
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