The plaintiffs in the case against Charter Communications Inc allege the telecommunications giant “misused” forfeited plan ...

Yet another 401(k) forfeiture fiduciary breach suit has been filed — this one by none other than the law firm of Schlichter Bogard, LLC.

The most recent wave of ERISA litigation is focused on the use of plan forfeitures in 401(k) plans, with the newest case, Armenta v. WillScot ...

The lawsuit, like many 401(k) lawsuits filed by employees over the last year, challenged HP’s decision to use “forfeitures” ...

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 ...

Many employer-sponsored defined contributions plans, including 401(k) profit sharing plans and money purchase pension plans ...

Charter Communications Inc. mismanages its $7.8 billion retirement plan by using the money departing workers forfeit to satisfy its obligation to contribute to the plan, three former employees said in ...

HP Inc. again defeated proposed class claims accusing the technology company of mismanaging the 401(k) funds forfeited by ...

When it comes to ERISA ligation, even if at first you do succeed, you often have to try, try again. Certainly that’s been the case of the fiduciaries of the HP 401(k) plan, one of a number of national ...

Banking giant JPMorgan used 401(k) forfeitures to reduce the employer contributions it would otherwise have to make to the plan instead of using this money to benefit the plan and its participants ...

More than 30 other forfeiture lawsuits have been filed against employers since 2023, all with similar allegations of using forfeited funds to help reduce future employer contributions. The IRS ...