The investment bank was accused of mismanaging forfeited funds in its 401(k) plan by using them toward reducing employer contributions. UBS has joined the list of companies facing lawsuits over their ...

In a wave of class-action litigation beginning around 2023, plaintiffs have alleged violations of fiduciary duties under the Employee Retirement Income Security Act (ERISA) and prohibited transaction ...

A federal judge in Virginia has dismissed a proposed class-action lawsuit accusing RTX Corp. of improperly using forfeited retirement funds, dealing a setback to a growing wave of legal challenges ...

Retirement plan sponsors facing a wave of litigation over their use of forfeited 401(k) funds just received a powerful ally: the Department of Labor. Processing Content In a Jan. 8 court filing, the ...

The January Benefits Monthly Minute digs into IRS updates aligning eligible rollover distribution notices with SECURE 2.0, a win for Meijer in a 401(k) forfeiture ...

Forfeiture lawsuits are the latest hot trend in ERISA litigation. The deluge of ERISA lawsuits triggers a number of different reactions, many of which are accompanied by eye rolls, clenched jaws, and ...

Welcome to this week’s edition of 401(k) Real Talk, where Fred Barstein, contributing editor for WealthManagement.com’s RPA channel, reviews all of last week’s industry news and selects the five most ...

Most people likely think their employer’s role in providing a 401(k) stops at choosing the provider, match rate and investment options. What most workers probably don’t know is that, under the law ...

Most people likely think their employer's role in providing a 401(k) stops at choosing the provider, match rate and investment options. What most workers probably don't know is that, under the law ...