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Forfeiture Lawsuits Set to Upend 401(k) Plans
WealthManagement.com
Feb. 11, 2025 "There has been a deluge of ERISA lawsuits alleging misuse of forfeiture assets to offset a plan sponsor's match contribution rather than benefit participants and beneficiaries ... If these cases are successful, it could change the way most defined contribution plans are run. Initially thought of as a nuisance, plan sponsors and defense counsel are starting to take these cases seriously, as heavyweights like Jerry Schlichter are betting they will be successful." MORE >> |
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