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Fiduciaries to pony up almost $125 million in deal with DOL | Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Fiduciaries of a retirement plan sponsored by DST Systems Inc., including investment management firm Ruane, Cunniff & Goldfarb Inc. will pay more than $124.6 million to resolve.

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DOL Secures $124 Million Settlement on Behalf of DST Systems Participants

DST Systems Inc. was accused of mismanaging their profit-sharing 401(k) plan and failing to diversify the plan’s assets, which resulted in large losses, according to the settlement.

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Here's How DST Stays Losing Ur Retirement

Here's How DST Stays Losing Ur Retirement
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