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A lone participant in Estee Lauder's 401(k) plan is suing her former employer and the service providers to its retirement plan for the $99,000 that was stolen from her account.
In October 2016, the plaintiff, who had been separated from Estee Lauder for about a decade but still had an account balance in the $1.4 billion plan, began receiving a series of letters confirming payments from her account on company letterhead.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
