Tag: forfeited funds

The banking company has been accused of using forfeited funds for its own benefit by funding future employer contributions.

The federal judge in California described the plaintiff’s claims as ‘impermissibly broad,’ but did grant the plaintiff a chance to...

A participant in Thermo Fisher’s 401(k) plan accused the employer and its pension committee of violating ERISA by using forfeited...

The home improvement retailer is the latest company accused of using forfeited 401(k) funds for its own benefit, instead of...

The technology and manufacturing company is the latest accused of misusing forfeited retirement funds to pay for future employer contributions.

A Wagner Law Group attorney says plan sponsors should review their plan documents, as Nordstrom is the latest employer challenged...

Lawsuits against Bank of America, Intuit and Qualcomm alleging improper use of forfeited plan funds are all either under consideration...

A federal judge ruled the suit’s ‘theory of liability’ was too broad and dismissed the complaint, which focused on the...

New data from the Employee Benefits Research Institute reveals that around half of FSA accountholders forfeited unused funds to their...