Tag: retirement plan forfeitures

More than $21 million currently held in Providence Health & Services’ forfeiture accounts will be distributed to plan participants.

The district judge denied a motion to dismiss claims that Illinois Tool Works and its plan fiduciaries had breached their...

The Department of Labor’s fourth amicus brief sided with employers, saying the decision on how to use retirement plan forfeitures...

Once again, the DOL argues that choosing how to allocate forfeitures cannot constitute a fiduciary breach under the Employee Retirement...

The dismissal continues a string of legal victories for employers.

A federal judge ruled that the company did not breach its fiduciary duties by using 401(k) plan forfeitures to offset...

The ERISA Industry Committee and its coalition said that the IRS has consistently taken the position that forfeitures can be...

Plaintiffs accused AT&T of using 401(k) plan forfeitures to offset company contributions, but the judge ruled that AT&T’s actions followed decades...

Fidelity is accused of creating a conflict of interest by having its affiliates serve as trustee and investment advisers to...

A federal judge dismissed a complaint accusing WPP Group USA of misusing employee forfeitures to offset company costs rather than...

Former employees allege that Duke University chose not to use forfeited funds to reduce retirement plan expenses, even though contributions...

Like similar cases, Capital One was accused of mismanaging its 401(k) plan by using plan forfeitures to reduce contributions.

An Arizona judge dismissed all but one of the claims in a 401(k) plan forfeiture complaint against WillScot Holdings Corp.

A day after a federal district court dismissed a 401(k)-plan forfeiture complaint suit against plan sponsor Honeywell International, plaintiffs appealed...

U.S. District Judge Max Cogburn Jr. rejected Bank of America’s argument that its decisions were made in a “settlor capacity”...

The government contractors are facing excessive-fee allegations, but a federal judge dismissed complaints about their improper use of forfeitures.

The complaint, filed last year, alleged Siemens violated ERISA by using forfeitures “in its own interest,” rather than in the...

Filing after the Department of Labor’s amicus brief in a similar case, Illinois plaintiffs allege that the grocery company violated...

In filing an amicus brief to an appeal involving HP Inc., the Department of Labor offered guidance on an issue...

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