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Recommended Stories
Stifel Financial Hit with Class-action Suit over Excessive 401(k) Plan Fees and Fund Options
By Lynn Cavanaugh | July 16, 2025
Shortly after the Supreme Court ruled on behalf of employees in the Cornell University excessive fees case, a similar suit was filed by Stifel employees over its profit-sharing 401(k) plan.
WakeMed Health Sued for Using ‘Millions’ of 403(b) Plan Forfeitures for Its ‘Own Self-interest’
By Lynn Cavanaugh | July 16, 2025
The North Carolina–based hospital system was sued by a former employee, who alleges that WakeMed used “forfeited funds to reduce company contributions to the plan” instead of using the funds to reduce "the amounts charged to plan participants” for administrative services.
Wells Fargo’s 401(k) Forfeiture Suit Gets Dismissed
By Lynn Cavanaugh | July 02, 2025
This latest forfeiture lawsuit dismissal aligns with recent decisions from other federal courts rejecting challenges to employer use of forfeited funds from departing, unvested employees.
