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...
Tag: forfeited funds
Home Depot Sued Over Use of Plan Forfeitures
The home improvement retailer is the latest company accused of using forfeited 401(k) funds for its own benefit, instead of...
Siemens Targeted in New Forfeiture Lawsuit
The technology and manufacturing company is the latest accused of misusing forfeited retirement funds to pay for future employer contributions.
Nordstrom Suit, HP Revival Add to 401(k) Forfeiture Cases
A Wagner Law Group attorney says plan sponsors should review their plan documents, as Nordstrom is the latest employer challenged...
401(k) Forfeiture Lawsuits Continue to Advance
Lawsuits against Bank of America, Intuit and Qualcomm alleging improper use of forfeited plan funds are all either under consideration...
Employer Forfeited Funds Complaint Against HP Inc. 401(k) Plan Is Dismissed
A federal judge ruled the suit’s ‘theory of liability’ was too broad and dismissed the complaint, which focused on the...
Flexible Savings Account Forfeitures Slightly on the Rise
New data from the Employee Benefits Research Institute reveals that around half of FSA accountholders forfeited unused funds to their...