Settlement Amount:
$350,000 total fund, paid pro rata by average account balance
Claim Deadline:
No claim form required — payments are automatic; objection deadline September 4, 2026
Proof Required:
No proof required — the administrator calculates each share automatically from plan records
Official Settlement Website:
📄 Full claim guide: Read the complete Smith & Nephew 401(k) settlement settlement breakdown on OpenClassActions.com for eligibility details, payout tiers, and step-by-step filing instructions.
What Is the Case About?
This ERISA class action alleges that plan fiduciaries allowed excessive managed-account service fees in the Smith & Nephew U.S. Savings Plan. The $350,000 settlement compensates affected 401(k) participants, and Smith & Nephew denies every allegation of wrongdoing and contends it has no liability.
Who Qualifies?
Participants or beneficiaries of the Smith & Nephew U.S. Savings Plan at any time between August 30, 2018 and May 13, 2026. Current participants receive credits to their plan accounts, while former participants receive direct distributions.
How Much Can You Get?
The net settlement, after attorney fees, administrative costs, and case awards, is distributed pro rata based on each participant’s average account balance during the class period. Shares under $10 are not paid.
How to File
There is nothing to file. There is no claim form, Class Member ID, or documentation to submit; the administrator calculates and distributes payments automatically.
Key Deadlines
- Opt-out: none — this is a mandatory class
- Objection deadline: September 4, 2026
- Final approval hearing: September 18, 2026 at 2:00 p.m.
Case Details
| Case Name | Nykiel v. Smith & Nephew, Inc. |
| Case Number | 1:24-cv-12247-NMG |
| Court | U.S. District Court, District of Massachusetts |
| Settlement Amount | $350,000 |
File / Check Official Settlement Site
→ See the full Smith & Nephew 401(k) settlement settlement details on OpenClassActions.com
By Felix Levine. OpenClassActions.org is a consumer news and information site and is not a class action administrator, class counsel, or a law firm. This page summarizes a public class action settlement and is general information, not legal advice. Deadlines and payment timing may change — always verify details at the official settlement website before filing. Class action claim forms are submitted under penalty of perjury; submit only truthful information.