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Employee Benefits

Bed Bath & Beyond ex-employees sue for $5 million in 401(k) losses

September 18, 2023 Reprints

Former employees of Bed Bath & Beyond are suing the committee responsible for the company’s 401(k) retirement plan, alleging "imprudence" led to millions in losses following the retailer's bankruptcy filing, Reuters reports. The lawsuit, stemming from the termination of the 401(k) plan three months after its Chapter 11 bankruptcy filing, claims more than $5 million was lost due to a 10% drop in their "guaranteed investment account."

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Bed Bath & Beyond ex-employees sue for $5 million in 401(k) losses

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