Cigna Hit with Second Suit Alleging Misuse of 401 (k) Forfeitures This week, Cigna was again sued for fiduciary violations for using forfeited funds to reduce employer contributions to the plan, ...

Cigna hit with 2nd suit alleging misuse of 401 (k) forfeitures, now matching UnitedHealth’s 2 suits This week, Cigna was again sued for fiduciary violations for using forfeited funds to reduce ...

A separate lawsuit also alleging misuse of plan forfeitures was filed against the health care company in May, as similar cases continue across the country.

Cigna is under legal fire for the second time in two months, accused of misusing over $17 million in 401(k) plan forfeitures. The lawsuit alleges Cigna used unvested employee contributions to reduce ...

UBS Joins List of 50 Firms Facing Lawsuits over Misuse of 401 (k) ‘Forfeited Funds’ This class-action suit is one of 50 filed in the past two years by employees challenging how employers use the ...

Latest 401 (k) Forfeiture Lawsuit Filed Against UBS The investment bank was accused of mismanaging forfeited funds in its 401 (k) plan by using them toward reducing employer contributions. Reported by ...

UnitedHealth Group improperly uses workers’ funds to reduce its own 401(k) contributions, according to a lawsuit against the nation’s largest health insurer that is seeking class-action status ...

Cigna employees file a 401 (k) lawsuit, alleging misuse of forfeited funds The health insurer is accused of using forfeited funds from departing employees to reduce employer contributions to the ...

While lawsuits continue to be filed against companies alleging their management of forfeited funds in 401(k) plans violates their duties under the Employee Retirement Income Security Act, another ...

UWM is facing a class-action lawsuit alleging misuse, misallocation of assets within its 401(k) retirement plan. The lender said it's "baseless." ...