Retirement Plan Fiduciaries to Pay More Than $124.6M to Settle Lawsuits Brought by Department of Labor, Others
July 18, 2023
July 18, 2023
NEW YORK, July 18 -- The U.S. Department of Labor Employee Benefits Security Administration issued the following news release:
Fiduciaries of a retirement plan sponsored by DST Systems Inc. -- including New York City-based investment management firm Ruane, Cunniff & Goldfarb Inc. -- will pay more than $124.6 million to resolve violations of federal law related to their failure to manage the profit-sharing portion of the plan properly.
DST Systems, an information pro . . .
Fiduciaries of a retirement plan sponsored by DST Systems Inc. -- including New York City-based investment management firm Ruane, Cunniff & Goldfarb Inc. -- will pay more than $124.6 million to resolve violations of federal law related to their failure to manage the profit-sharing portion of the plan properly.
DST Systems, an information pro . . .