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Clorox Seeks Exit From Ex-Worker's 401(k) Forfeiture Suit

By Patrick Hoff ( December 14, 2023, 8:25 PM EST) -- The Clorox Co. urged a California federal court to toss a proposed class action alleging it violated federal benefits law when it failed to use forfeited 401(k) contributions to defray costs for plan participants, saying decades of IRS guidance require it to use the funds to reduce employer contributions....

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