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401(k) Lawsuits Over 'Forfeited' Money Get a Lifeline
InvestmentNews; subscription may be required 
June 5, 2024 "There is one way to help avoid such litigation in the future, one lawyer says: Get rid of vesting schedules.... 'We are very surprised that the California federal court found the Qualcomm forfeiture case plausible.' ... said Daniel Aronowitz, president of Encore Fiduciary ... Qualcomm followed the language in its plan document, so it does not appear to have violated what the DOL and IRS have long allowed, he noted." [Perez-Cruet v. Qualcomm Inc., No. 23-1890 (S.D. Calif. May 24, 2024)] MORE >> |
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