Tag: retirement plan forfeitures

The District of Minnesota ruling, released June 18, closely resembled the dismissal of an ERISA complaint against J.P. Morgan on...

A separate lawsuit also alleging misuse of plan forfeitures was filed against the health care company in May, as similar...

The plaintiffs include four current and former employees who intend to represent more than 250,000 plan participants.

The Cigna Group is the latest company accused of mismanaging the forfeited funds in its 401(k) plan, and software company...

A federal judge in the Central District of California dismissed the claim that the plan sponsor’s use of forfeited assets...

The district court determined that the plaintiffs failed to state a viable ERISA claim, the latest action in a flurry...

The online retail giant joins more than 30 plan sponsors accused of mismanaging participant forfeitures for its own gain.

BMO received a complaint alleging its plan committee breached ERISA by using forfeited plan assets to benefit the company, not...

A federal judge called the plaintiff’s claims ‘impermissibly broad,’ but gave the plaintiff a chance to submit a revised complaint.

A federal judge in Virginia dismissed a proposed class action, marking one win for defendants amid a slew of recent...

The company argues in the filing that its fiduciaries followed IRS guidance on how unused retirement assets can be used.

ERISA experts point to longstanding and widespread practice of using forfeitures to reduce future employer contributions or pay reasonable expenses.