The home improvement retailer is the latest company accused of using forfeited 401(k) funds for its own benefit, instead of paying plan administrative expenses.
The Department of Labor backed an appeal by IBM retirees to reopen a lawsuit against the firm for allegedly using outdated mortality tables to determine the value of...
A Wagner Law Group attorney says plan sponsors should review their plan documents, as Nordstrom is the latest employer challenged over its use of forfeited funds.
A federal judge granted class action status to participants invested BlackRock LifePath Index Funds, in contrast to numerous dismissals for similar allegations.
A judge in the Western District of Missouri issued a final ruling in favor of a lawsuit filed by the Securities Industry and Financial Markets Association against two...
Lawsuits against Bank of America, Intuit and Qualcomm alleging improper use of forfeited plan funds are all either under consideration or moving ahead in district courts.
The Department of Labor will move digital content to USA.gov in September to streamline information about federal benefits, including Social Security and Medicare.
Employees had accused the company of overcharging participants for bundled recordkeeper fees and failing to solicit competitive bids for lower-fee options.
Plaintiffs accuse the bank of requiring participants and beneficiaries to pay high costs for generic prescription drugs that are ‘widely available at drastically lower prices.’