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)
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.
Posted by Tonya
888-887-3277 Sears holdings benefits center
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
Request Legal Help
Please complete this form to request a review of your complaint by an attorney.
There is absolutely no cost to you to submit this form. Doing so places you under no obligations and does not establish an attorney-client relationship.