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Violation Tracker Individual Record

Company: Ruane, Cunniff & Goldfarb Inc. et al.
Penalty: $124,600,000
Year: 2023
Date: July 17, 2023
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Violation Description: 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.
Level of Government: federal
Action Type: agency action
Agency: Employee Benefits Security Administration
Civil or Criminal Case: civil
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.