Coca-Cola Bottler Workers Renew 401(k) Fund, Forfeiture Claims

Soda distributor Coca-Cola Southwest Beverages LLC fills its retirement plan with poorly performing target date funds and mishandles forfeited 401(k) money, according to a new lawsuit filed shortly after a similar case was dropped.

The proposed class action, filed in the US District Court for the Northern District of Texas, challenges the company’s decision to offer JPMorgan Chase & Co. target date funds in its retirement plan and its alleged practice of using 401(k) money forfeited by departing workers for its own benefit.

• The Tuesday complaint comes one day after the same group of Coca-Cola Southwest plan participants agreed to ...