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Amazon Is Latest to Face Lawsuit Alleging Mismanagement of 401(k) Plan Forfeitures
Reuters; registration may be required 
Jan. 2, 2025 "Between 2018 and 2023, plan participants who did not fully vest forfeited about $349 million in matching funds, according to the lawsuit. Instead of using that money to cover administrative fees for the plan, which totaled more than $18 million during that period, Amazon used it to reduce its own matching contributions, Curtis alleged in the complaint." [Curtis v. Amazon Inc., No. 24-2164 (W.D. Wash. complaint filed Dec. 30, 2024)] MORE >> |
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