Oasis 401k settlement 2025

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The document outlines a Class Action Settlement Agreement involving the Oasis Retirement Savings Plan, where claimants allege breaches of fiduciary duty under ERISA against Oasis Outsourcing Holdings Inc. and related parties. The settlement, amounting to $5,999,000, aims to provide monetary relief to class members who had active accounts in the plan between January 1, 2010, and June 30, 2018. It details the claims process for former participants and establishes a framework for distributing settlement funds. The agreement includes provisions for attorney fees, administrative costs, and future oversight by a Compensation Fiduciary to ensure compliance with the settlement terms.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is an oasis settlement?

It is a cash payment of a portion of a pending settlement or judgement that is paid back from the settlement along with any fees or charges. If a plaintiff loses their case, they are not required to pay Oasis back.

Can debt collectors take money from 401k?

Under federal law, employer-sponsored retirement plans are protected by the Employee Retirement Income Security Act (ERISA), which prevents creditors from accessing those funds to satisfy debts.

What is the phone number for Oasis 401k?

Customer Support Please call us at (844) 627-4015 if you are a current client and have a question about your account.

Is my wife entitled to half my 401k in a divorce?

Most courts will give a fair and equitable split (most times, 50/50) on all assets acquired after marriage. That includes the 401(k) for either of you but it could also depend on what the distribution of assets is. If she keeps all the equity in the house, you may keep all the 401(k).