Failure to Deposit Contributions
The complaint for this class action notes that certain changes were made to ConAgra Brands Retirement Income Savings Plan in 2015, at the same time as the company laid off around 30% of its workforce. The changes disadvantaged terminated employees, and the complaint claims that ConAgra wanted to save money at their expense. It brings suit under the Employee Retirement Income Security Act (ERISA).
A group of companies has agreed to settle a class action alleging that they made contributions to the Trojan Horse Ltd. 401(k) Retirement Plan, and that the contributions were deducted from their paychecks but never deposited in the plan.