Recently, a district court judge ruled in favor of Kraft Foods Global in a lawsuit brought against the company by former and current participants in the company's 401(k) plan.
The suit alleged that Kraft failed to fulfill its fiduciary duty by charging investors unreasonably high service fees, such as the $3.4 million paid to consultants at Hewitt Associates for record-keeping services in 2004.
The case (George v. Kraft Foods) is one of many against Kraft for similar issues, and all the cases bring up many questions for plan sponsors and plan participants.
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