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Ninth Circuit Weighs Employer’s Use of Non‑Vested 401(k) Funds
Snell & Wilmer 
Aug. 27, 2025 "Plan sponsors and administrators should closely monitor the Hutchins appeal because the decision should clarify the extent of discretion plan administrators may wield regarding the use of forfeited funds, and the decision may shape new practices for retirement plan design and administration." [Hutchins v. HP Inc., No. 23-5875 (N.D. Calif. Feb. 5, 2025; on appeal to 9th Cir. No. 25-826)] MORE >> |
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