In 2024, Bank of America was sued by 401(k) plan participants over misuse of forfeited funds and Nordstrom was hit with an ERISA lawsuit over misuse of forfeited funds, as well as excessive 401(k ...

Three former employees of the Cigna Group have filed suit against the company, alleging it misused forfeited funds in its 401(k) plan in violation of the Employee Retirement Income Security Act, the ...

In May, a very similar 401(k) lawsuit was filed against Cigna in the same district court in Pennsylvania. In Reven et al. v.The Cigna Group 401(k) Plan Retirement Plan Committee, former employees ...

The Cigna Group is the latest company to face a lawsuit over its treatment of forfeitures. Meanwhile, software company Intuit Inc. has Cigna hit with 401(k) forfeiture lawsuit | HealthLeaders Media ...

Another week, another Adams v. Goliath story in the world of ERISA litigation—and this time, Goliath is Cigna. The company is now facing its ...

*Refers to the latest 2 years of stltoday.com stories. Cancel anytime. Schlichter Bogard & Denton says it has won a $35 million settlement in a lawsuit that accused Cigna Corp. of charging ...

Schlichter, Bogard & Denton, on Behalf of Cigna 401(K) Plan Participants, Settles Excessive Fee Lawsuit for $35 Million June 21, 2013 04:58 PM Eastern Daylight Time. ST. LOUIS-- ...

A third driver of lawsuits is "self-dealing" allegations. Simply put, companies offering 401(k) plans, and the investment firms they hire, are required to put the interests of workers above their own.

A third driver of lawsuits is "self-dealing" allegations. Simply put, companies offering 401(k) plans, and the investment firms they hire, are required to put the interests of workers above their own.

This same argument has been made in the slew of other Employee Retirement Income Security Act lawsuits against plan sponsors. Most recently, Cigna Group was sued for its treatment of forfeitures, ...

The class-action lawsuit involves 27,000 individuals, approximately 2,000 to 2,500 of whom are still Cigna employees. The lawsuit took so long that 1,000 of those involved have died.