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Amazon abusing 401(k) funds Amazon has been accused of violating federal employment law by mismanaging the use of forfeited 401(k) funds. Participants of Amazon’s 401(k) can become fully vested, owning 100% of their own retirement plan, after only three years…
A recent decision in the Northern District of California denied Intuit’s motion to dismiss allegations that the company misused 401(k) plan forfeitures. The case is based on the allegations that Intuit Inc., breached ERISA’s fiduciary duties of prudence and loyalty…
Shub Law Firm is investigating claims that employees were wrongfully cheated out of retirement funds and earnings as the result of an unlawful forfeiture clause contained in certain employee contracts. In certain industries companies that utilize deferred compensation, pension plans…