Five former Dell employees in Austin say the tech giant fumbled their retirement savings, and they are taking it to federal court. In a proposed class action filed this week, the ex-workers accuse Dell of mismanaging its 401(k) plan in ways that allegedly drained more than $318 million from participants, thanks to underperforming in-house funds, prohibited transactions and what they describe as lax oversight.
Case Filed In Austin Federal Court
The suit was filed Wednesday in the U.S. District Court for the Western District of Texas, Austin Division, under case number 1:2026cv00209. Court records list the plaintiffs as Allison Lowbruck, Adam Moss, Eric Rodgers, Michael Schwartz and John Vedamanikam, according to Justia Dockets.
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