Employer contributions to a 401(k) may not fully vest immediately, risking forfeiture if you leave early. Forfeited 401(k) funds go into forfeiture accounts, used for plan expenses or future ...
Northrop Grumman Corp. was hit with a proposed class action challenging how the aerospace and defense company handles the ...
A former Clorox Co. employee advanced a proposed class action saying the company mismanaged its 401(k) plan by using ...
“Because forfeitures are concentrated among lower-income participants, a primary effect of vesting requirements is to make the distribution of 401(k) compensation more regressive,” Carranza ...
Recently one federal judge found allegations of a fiduciary breach in offsetting employer contributions with forfeitures “implausibly broad” — now a different judge draws a different conclusion.
Schlichter Bogard, LLC represents participants of the $7 billion Charter Communications, Inc. 401(k) Savings Plan in a class action against ...
Former participants of insurance company Swiss Re’s retirement plan also accused the firm of allowing the plan to pay excessive recordkeeping fees, offering underperforming investments and ...
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