401(k) lawsuits over ‘forfeited’ money get a lifeline
Sherrie Boutwell, partner at Boutwell Fay, and Andrew Oringer, of the Wagner Law Group.
There is one way to help avoid such litigation in the future, one lawyer says: Get rid of vesting schedules.
A new type of 401(k) lawsuit recently survived its first big challenge, paving the way for others like it – and potential settlements.
The case alleges that telecommunications company Qualcomm ran afoul of the Employee Retirement Income Security Act by using “forfeited” 401(k) money to pay
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