The health insurer is accused of using forfeited funds from departing employees to reduce employer contributions to the ...

The focus of the lawsuit is forfeited funds, which total the amount of employer match contributions participants lose if they ...

While lawsuits continue to be filed against companies alleging their management of forfeited funds in 401(k) plans violates their ... a settlement agreement. The Cigna Group is the latest company ...

The Cigna Group is the latest company accused of mismanaging the forfeited funds in its 401(k) plan, and software company ...

A suit alleging a fiduciary breach, based on a stable value option, has added claims about the misuse of plan forfeitures.

Of the few dozen 401(k) forfeiture lawsuits filed since the start of 2023, there have been mixed decisions of routine motions to dismiss. On April 30, an Arizona federal judge dismissed a class ...

Intuit Inc. signed a class settlement worth nearly $2 million in a lawsuit saying it wrongly uses forfeited money in its employees’ 401(k) plan for its own benefit. The settlement amount of $1.995 ...

Even with no employer match, a 401(k) might be worth it Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing ...

Intuit Inc. will pay $2 million to settle a lawsuit by a former employee that the company and its 401(k) plan fiduciaries violated federal law by failing to reduce plan expenses via company ...