Kmart Corp.

December 1 2005

Nearly 150,000 current and former Kmart employees suffered a combined loss of $100 million in their 401(k) plans when the retail chain store went bankrupt in 2002. The class includes all participants and beneficiaries of the plan from March 15, 1999, through March 6, 2003. They filed a class action lawsuit against their employer alleging Kmart forced workers to maintain the company match portion of their 401(k) in Kmart stock until they reached age 55. Kmart has agreed to an $11.75 million settlement. (Nov-30-05) [BILLINGS GAZETTE]

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no obligation, please fill in the form to the right to submit your complaint.
Lawyers click here to submit your settlements and verdicts to have them published for free on our websites

Reader Comments

Posted by
Roberta Bennett
Hi my name is Roberta Bennett I worked at kmart dc in Greensboro Nc. Im trying to find out who our 401k was with because I didn't roll it over to the place I work now. If youcould help me I would be so Thankful.

Add Your Comment on This Issue

Fields marked * are mandatory. Please read our comment guidelines before posting.


Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.

*Your Comment: