Mutual
Of America To Pay $2.75M To End Self-Dealing Suit
By Grace Elletson
Mutual of
America Life Insurance Co. will pay $2.75 million to resolve a lawsuit alleging
it put profits over retirement plan participants' interests by steering their
savings toward proprietary investments and saddling them with a costly
record-keeping system, according to a filing in New York federal court.
Memorandum
attached | Read full article »
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