Amentum 401(k) Fund Suit Advances as Forfeiture Claims Stumble

Amentum Parent Holdings LLC defeated allegations that it mishandled forfeitures in its 401(k) plan, but it must defend claims that certain plan investments were too pricey.

Amentum and DynCorp International LLC may have mismanaged their workers’ retirement savings by offering funds in pricey share classes when cheaper versions of the same investments were available, Judge Eric F. Melgren said. The workers’ supported most of their challenges to the plans’ investment options with comparisons to sufficiently similar funds that qualify as a “meaningful benchmark” under the Employee Retirement Income Security Act, Melgren said Tuesday for the US District Court for the ...