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Clorox and the Case for Documenting Plan Forfeiture Decisions - The MJ Companies
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Clorox and the Case for Documenting Plan Forfeiture Decisions - The MJ Companies
Opportunity comes in many forms, and for creative litigators, more of it may be coming from the ways large employers use forfeitures from their 401(k) and 403(b) plans. We’re seeing more cases that hinge on whether employers uphold their duty of loyalty to plan participants based on ambiguous language in plan documents and insufficient meeting notes. The Clorox case currently underway gives a good example—and a way forward for prudent employe…
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