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DOL Sides with JP Morgan in 401(k) Forfeiture Suit
PLANSPONSOR; registration may be required 
Jan. 9, 2026 "[T]he DOL argued that the plaintiff's claims of fiduciary breach do not hold up under the plan's documents. The DOL pointed out that the plan 'expressly permits the fiduciary to use forfeited contributions to offset employer contributions or to pay the employer's share of administrative expenses.' " [Wright v. JPMorgan Chase & Co., No. 25-0525 (C.D. Calif. Jun. 13, 2025, on appeal to 9th Cir. No. 25-4235; DOL amicus brief filed Jan. 8, 2026)] MORE >> |
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