Amentum 401(k) Suit Expands to Include Forfeiture Usage Claim

Litigation over the retirement plan sponsored by Amentum Government Services Parent Holdings LLC will expand to include allegations challenging how the defense and security contractor handles plan contributions forfeited by departing employees.

Magistrate Judge Brooks G. Severson on Wednesday allowed the plaintiff leading the proposed class action to file an amended complaint adding allegations that Amentum wrongly used more than $870,000 in plan forfeitures to reduce the contributions it would otherwise have to make to the plan, instead of putting that money toward the expenses paid by workers. Amentum said the plaintiff waited too long to add these allegations, but ...