While another major health insurance company, Kaiser Foundation Health Plan, saw its 401(k) “forfeited funds” lawsuit dismissed earlier this month, Cigna was sued last week for similar ...

The focus of the lawsuit is forfeited funds, which total the amount of employer match contributions participants lose if they leave an employer before they are fully vested. For the Cigna plan, ...

This class-action suit is one of 50 filed in the past two years by employees challenging how employers use the “forfeited ...

While lawsuits ... funds in 401(k) plans violates their duties under the Employee Retirement Income Security Act, another company has reached a settlement agreement. The Cigna Group is the latest ...

The investment bank was accused of mismanaging forfeited funds in its 401(k) plan by using them toward reducing employer ...

One such novel theory concerns the way that employers use forfeited 401(k) funds in their plans. Over the past year, numerous ERISA class action lawsuits have taken aim at how 401(k) plan sponsors ...

This class action suit is one of 50 suits filed in the past two years by employees challenging how employers use the ...