“Canadian public-sector workers and taxpayers will not support companies that put profit over public service, particularly when the administration those companies support is threatening to annex Canada.”
Given the steep plunge in Tesla shares this year, the AFT president is urging money managers to “safeguard retirement assets” and urgently review their current holdings in electric carmaker Tesla, which is a target of political protests amid growing animosity for the brand.
The aerospace firm violated its fiduciary duties by using an in-house service provider and affiliated target-date funds, according to the class-action lawsuit filed by plan participants.
Following a lawsuit alleging “wrongful use” of 401(k) forfeited funds, the banking giant is now being sued by employees over $2.4 million in plan assets that were invested in an in-house stable-value fund.
To emerge from this period of uncertainty stronger than ever, use the tariff delay wisely to build cash reserves, strengthen supply chains, and boost organizational resilience.
A Texas judge has ruled that retirement fund managers may consider environmental, social, and corporate governance factors when choosing investment funds.
This emerging trend demonstrates forfeiture cases are no longer nuisance lawsuits. Top law firm Schlichter Bogard, which has been representing many plaintiffs in recent 401(k) excessive fee lawsuits, is representing the telecommunications company’s plaintiffs.
The lawsuit, like many 401(k) lawsuits filed by employees over the past year, challenged HP’s decision to use “forfeitures” to reduce employer contributions rather than to pay administrative costs.
About 70% of the 401(k) plan—nearly $2 billion—was invested in one fund, when “much cheaper” versions of this investment were available, allege employees in the class-action lawsuit.
