Northrup Grumman Wins Dismissal in 401(k) Forfeiture Complaint
A federal district court in Virginia ruled that defendants had discretion on how to use the forfeited funds.
Tag: retirement plan forfeitures
Opinions |
Getting Familiar With Forfeitures
Brush up on forfeiture regulations to take advantage of IRS relief in 2025.
Plaintiffs Abandon Appeal in Home Depot 401(k) Forfeiture Complaint
A district court judge had ruled that the retailer’s use of forfeited funds complied with plan documents and the law.
Interest Groups Urge 8th Circuit to Uphold Dismissal of Forfeiture Complaint vs. Wells Fargo
ERIC, Chamber of Commerce, National Retail Federation File Brief in Support of Dismissed Forfeiture Complaint
Judge Dismisses ERISA Forfeiture Case Against WPP Group USA
The latest ruling adds another victory for plan sponsors as complaints continue to result in mixed outcomes.
Duke University Hit With Forfeiture Complaint
The plaintiffs allege that the institution breached its fiduciary duty by choosing not to use forfeited funds to reduce plan...
Capital One to Settle 401(k) Forfeiture Case
The parties entered into mediation before a ruling had been made on Capital One’s motion to dismiss the case; the...
Judge Dismisses 401(k) Forfeiture Complaint Against WillScot
The district court ruling permits the plaintiff to amend one of the five initial counts against the employer.
What are the Deadlines for Spending Plan Forfeitures?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Home Depot Defeats ERISA Forfeiture Suit as Judge Dismisses Claims
The district court ruled that the retailer’s use of forfeited plan funds complied with both plan documents and longstanding regulations.
Novo Nordisk Class Action Case Partially Dismissed
The company and its fiduciary boards could still face trial over the remaining claims regarding handling of its $1.2 billion...
401(k) Forfeiture Case Against Honeywell Dismissed, Plaintiffs Appeal
The appeal has been filed with the U.S. 3rd Circuit Court of Appeals after the lower court marked the case...
Judge Allows 401(k) Forfeitures Case Against Bank of America to Proceed
As case law continues to see mixed results, U.S. District Judge Max Cogburn Jr. ruled the plaintiffs’ claims may continue,...
District Court Allows Some ERISA Claims to Proceed in Amentum-DynCorp 401(k) Lawsuit
Excessive-fee allegations survived, while complaints about improper use of forfeitures were dismissed.
Siemens Forfeiture Case Dismissed
The company’s energy division still faces a separate complaint that was filed last week.
Complaint Alleges ERISA Breaches by Siemens Energy
The plaintiffs accuse the company of excessive recordkeeping fees and managed account charges, poor-performing funds and using forfeitures to offset...
DOL’s Plan Forfeiture Amicus Brief ‘Significant,’ Legal Experts Say
The filing was a win for plan sponsors, though it is not expected to end the recent flurry of litigation...
DOL Backs Companies on 401(k) Plan Forfeiture Complaints
In filing an amicus brief on an appeal involving HP Inc., the Department of Labor offered guidance on an issue...
ERISA Lawyers Weigh In on Recent Cases, Aronowitz Confirmation
Plan sponsors continue to face a flurry of legal action, but the nominee to head EBSA has pledged to cut...
Judge Dismisses 401(k) Forfeiture Complaint Against Wells Fargo
The District of Minnesota ruling found that the plaintiff failed to state a claim under ERISA.