RadioShack's creditors weren't alone this week in wondering what's next for the bankrupt electronics retailer. 

Upset participants in its 401(k) plan are awaiting their day in court, while regulators are probing how it managed its retirement plan. 

Three lawsuits were filed on behalf of former and current RadioShack employees within weeks of each other in November and December, all alleging the company imprudently offered 401(k) participants company stock in their savings plan when fiduciaries knew it was bound to lose value. 

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.