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Amicus Brief from Employer Organizations to Eighth Circuit in Wells Fargo Forfeiture Case (PDF)
The ERISA Industry Committee [ERIC], Chamber of Commerce of the U.S., and National Retail Federation 
[Opinion] Dec. 2, 2025 38 pages. "Plaintiff invites this Court to disrupt the long-standing consensus regarding the use of forfeitures. His theory is that forfeitures may not be used as employer contributions, notwithstanding that Wells Fargo's Plan documents expressly authorize just that. He offers no valid basis for ... contradicting the Treasury Department's position by adopting this novel approach.... The Court should reject Plaintiff's efforts to require employers to offer purported benefits ... that have no basis in the text of ERISA or the Plan documents." [Matula v. Wells Fargo & Co., No. 24-3703 [D. Minn. Jun. 18, 2025; on appeal to 8th Cir. No. 25-2441)] MORE >> |
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