✉news BusinessBusiness first seen 11 h ago, last 3 h ago, peak #7
Business Groups Back AT&T in 401(k) Forfeiture Appeal
Original: ERIC, Business Groups Back AT&T in 401(k) Forfeiture Appeal
AT&T is contesting a legal challenge over its use of forfeited funds in its 401(k) plan, and ERIC along with other business groups have filed support for the company. The case is being closely watched because it could shape how employers across the US are allowed to use forfeited retirement plan money, a practice worth billions industry-wide.
Why now: The outcome could set a precedent for how all large US employers handle 401(k) forfeitures.
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