This class action suit is one of 50 suits filed in the past two years by employees challenging how employers use the ...

The investment bank was accused of mismanaging forfeited funds in its 401(k) plan by using them toward reducing employer ...

The new wave of lawsuits is the “forfeiture lawsuit.” This flurry of lawsuits alleges that employers are violating the Employee Retirement Income Security Act of 1974 (ERISA) by breaching their ...

With a tally now running above 50 such suits, the 30,000 participant 401(k) plan of UBS AG has been targeted for ostensibly misusing plan forfeitures.

Participants in retirement plans have brought legal challenges to plan sponsors exercising discretion to use forfeitures to reduce employer contributions. Some plan providers are improperly mixing ...

A new suit alleges that “the Company received a benefit amounting to millions of dollars in contribution expenses by electing to use Plan assets as a substitute for the Company’s own future ...

Elevance Health Inc. mismanages its employees’ retirement plan by using forfeited 401(k) money for its own benefit instead of ...

Holmes said civil asset forfeitures in his jurisdiction are most often tied to drug trafficking cases. Sen. Arthur Orr, R-Decatur, sponsored legislation in 2021 aimed at protecting the rights of ...

The forfeitures are moved to a forfeiture account and then, depending on the terms of the Plan, used to (i) restore forfeitures for participants who return to work for the employer, (ii ...

The district announced the forfeitures Oct. 1 after it self-reported the student’s residency issue earlier this fall. A special school board meeting two days later started the appeal process of ...

SALINE, MI – Saline Area Schools is moving forward with an independent review of the district’s athletic department months after a self-reported player eligibility issue forced the high school ...