Page 413 - DCAC Feb 2026 Files
P. 413
2025 Year in Review
30 Over 30 settlements of excessive fee and imprudent investment lawsuits settled.
Average settlement was just over $3 million when removing the largest outlier.
$3M
• Snyder v. United Health settled for $69 million.
Over 200 settlements in the trailing five years, totaling more than $1.3 billion.
$1.3B • Plaintiff law firms typically receive about 1/3 of the settlements (nearly $450 million).
• Estimated average participant settlement is $55 - $70.
$450M $55-$75
Sources: Encore Fiduciary, independent fiduciary liability insurance provider. Davis & Harman LLP 2025 Underperformance and Excessive Fee Settlement Survey
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