Sales Company Acosta Sued Over Handling of 401(k) Forfeitures

Acosta Inc. was hit with a lawsuit Wednesday by two participants in its 401(k) plan who say the Florida-based sales and marketing company improperly uses forfeited contributions for its own benefit.

Acosta used much of the 401(k) money forfeited by departing employees to make its required plan contributions instead of using these amounts to reduce workers’ administrative expenses, the participants alleged. The plan lost out on more than $4.6 million from this practice between 2020 and 2025, they said in a proposed class complaint filed in the US District Court for the Middle District of Florida.

• Plaintiffs Brandi Thomas and ...