A new lawsuit against Mattel is added to a handful of cases alleging that using retirement plan forfeitures to offset contributions represents a breach of fiduciary duty.

Law Firm Finds Another 401(k) Plan to Slap with Forfeiture Fiduciary Breach Suit

With internal audit on the front lines of your compliance initiatives, and retirement plans rapidly becoming a hot bed of frivolous lawsuits, now is the time to pay close attention to this lesser-known threat to your organization.

Optimatum can proactively support your fiduciary responsibilities with our Retirement Plan Checkup Solution – an independent third-party review of your plan governance, compliance and operations. Stave off these bottom feeder lawsuits with an offensive approach to retirement plan compliance.