JPMorgan Accused Of Misusing Forfeited 401(k) Funds <https://www.law360.com/banking/articles/2287451?nl_pk=e602c558-f520-472e-90f1-02d555fb6fb0&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2025-01-23&read_main=1&nlsidx=0&nlaidx=7>
By Patrick Hoff JPMorgan Chase & Co. violated federal benefits law when it used former employees' forfeited, unvested 401(k) contributions to cover millions of dollars of employer contributions rather than covering plan expenses, according to a proposed class action filed in California federal court. Complaint attached | Read full article » <https://www.law360.com/banking/articles/2287451?nl_pk=e602c558-f520-472e-90f1-02d555fb6fb0&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2025-01-23&read_more=1&nlsidx=0&nlaidx=7> | Save to favorites » <https://www.law360.com/banking/articles/2287451?nl_pk=e602c558-f520-472e-90f1-02d555fb6fb0&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2025-01-23&read_later=1&nlsidx=0&nlaidx=7>
