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Taking Advantage of Forfeiture Relief While Avoiding Lawsuits
PenChecks 
Dec. 3, 2024 "Lawsuits filed in 2024 allege that plan fiduciaries are improperly using forfeitures.... [T]here is no clear direction yet on how these lawsuits will affect plan administration. However, you can assist clients now by discussing the following strategies for preventing or avoiding a forfeiture lawsuit. [1] Paying plan expenses with forfeitures ... [2] Specifying the use in the plan document ... [3] Don't forfeit forfeiture relief." MORE >> |
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