We report ac susceptibility data on RuSr2(Eu,Ce)(2)Cu2O10-y (Ru-1222, Ce content x=0.5 and 1.0), RuSr2GdCu2O8 (Ru-1212), and SrRuO3. Both Ru-1222 (x=0.5, 1.0) sample types exhibit unexpected magnetic dynamics in low magnetic fields: logarithmic time relaxation, switching behavior, and "inverted" hysteresis loops. Neither Ru-1212 nor SrRuO3 exhibit such magnetic dynamics. The results are interpreted as evidence of the complex magnetic order in Ru-1222. We propose a specific multilayer model to explain the data, and note that superconductivity in the ruthenocuprate is compatible with both the presence and absence of the magnetic dynamics.