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...
Tag: retirement plan forfeitures
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.
Federal Judge Dismisses J.P. Morgan 401(k) Funds Forfeiture Case
The complaint had accused the company of breaching its fiduciary duties and engaging in prohibited transactions.
Cigna Hit With 2nd ERISA Complaint Over Alleged Misuse of 401(k) Plan Forfeitures
A separate lawsuit was filed against the health care company in May, as similar cases continue.
UBS Faces Latest 401(k) Forfeiture Lawsuit
The investment bank was accused of mismanaging forfeited funds in its 401(k) plan by using them toward reducing employer contributions.
Cigna Hit With Forfeiture Lawsuit; Intuit Reaches Settlement
The Cigna Group was accused of mismanaging the forfeited funds in its 401(k) plan, and a settlement was reached in...
California District Court Dismisses Forfeitures Class Action Against Kaiser Foundation
A federal judge dismissed the claim that the plan sponsor’s use of forfeited assets violated ERISA.
Empower Accused of Misusing Participant Data, Cross-Selling in Recent Lawsuit
Former participants of insurance company Swiss Re’s retirement plan also accused the firm of allowing the plan to pay excessive...
Charter Communications Faces 401(k) Forfeiture Suit
The plaintiffs in the latest forfeiture case are represented by law firm Schlichter Bogard LLP.
Trader Joe’s 401(k) Plan Accused of Overinvesting in Single Fund, Mismanaging Forfeitures
Two more companies, in addition to Trader Joe’s, now face lawsuits related to 401(k) forfeitures.
JPMorgan Hit With 401(k) Forfeiture Lawsuit
The banking giant is the latest company to face litigation over its use of forfeited 401(k) assets.
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Amazon Accused of Mismanaging Millions of 401(k) Forfeiture Funds
The online retail giant is the largest company on the growing list of forfeiture lawsuit defendants.
Latest 401(k) Plan Forfeiture Complaint Filed Against BMO Financial
The bank’s retirement plan committee faces a complaint for alleged misuse of forfeited plan funds.
Judge Dismisses 401(k) Forfeiture Lawsuit Against Clorox
The federal judge in California described the plaintiff’s claims as ‘impermissibly broad,’ but did grant the plaintiff a chance to...
Coca-Cola Southwest Faces Lawsuit Over Forfeitures, Target-Date Funds
The soda distributor was accused of offering a suite of ‘underperforming’ target-date funds in its 401(k) plan, as well as...
Federal Court in California Grants Dismissal of Thermo Fisher 401(k) Forfeiture Suit
A participant in Thermo Fisher’s 401(k) plan accused the employer and its pension committee of violating ERISA by using forfeited...