October 25, 2024
An Arkansas federal judge shut down further pleadings in a suit from Tyson Foods Inc. employees alleging mismanagement of their 401(k) retirement plan, finding a proposed amended complaint still lacked adequate comparisons for the court to judge whether recordkeeping fees were excessive.
August 07, 2024
An Arkansas federal judge agreed to toss a proposed class action federal benefits lawsuit from participants in a 401(k) plan for employees of Tyson Foods Inc., concluding allegations of high recordkeeping fees weren't backed up with sufficient comparisons to better-managed plans as required in the Eighth Circuit.
November 30, 2023
Tyson Foods Inc. breached federal benefits law and cost retirees millions of dollars by failing to keep fees paid by its $3.2 billion 401(k) in check, said a proposed class action filed Thursday in Arkansas federal court.