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Bank Of America Can't Escape 401(k) Forfeiture Suit

By Kellie Mejdrich ( August 13, 2025, 6:11 PM EDT) -- A North Carolina federal judge refused to toss a proposed class action against Bank of America alleging the bank misspent 401(k) plan forfeitures, finding allegations that the bank's decision to reduce obligations to other employees' accounts instead of defraying plan expenses had stated a claim for violating federal benefits law....

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