Unlike employee contributions, employer contributions to 401(k) plans do not immediately vest, but instead do so under plan and ERISA vesting provisions, generally after three to five years of service with the employer. What happens to these contributions when employees leave covered employment before that time is at the center of numerous recently-filed lawsuits, including
Pizarro v. Home Depot, Inc., No. 22-13643, __ F.4th __, 2024 WL 3633379 (11th Cir. Aug. 2, 2024) (Before Circuit Judges Branch, Grant, and Carnes)
Your ERISA Watch is cheating a little in this edition, as our case of the week is not actually from last week, but the week before. Rather than relegate
Federation of Americans for Consumer Choice, Inc. v. United States Dep’t of Labor, No. 6:24-cv-163-JDK, __ F. Supp. 3d __, 2024 WL 3554879 (E.D. Tex. Jul. 25, 2024) (Judge Jeremy D. Kernodle)
American Council of Life Insurers v. United States Dep’t of Labor, No. 4:24-cv-00482-O, 2024 WL 3572297 (N.D. Tex. Jul. 26, 2024)