Federal District Court Dismisses Another 401(k) Forfeitures Suit
By EsqSocial Corporation 27/12/24
Since September 2023, there have been at least 25 lawsuits filed claiming the ability to choose between using 401(k) forfeitures to reduce plan expenses or the plan sponsor’s contributions is a fiduciary choice, and that choosing to reduce the plan sponsor’s contributions constitutes a violation of ERISA’s fiduciary duties....
By: Seyfarth Shaw LLP