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Kraft 401(k) lawsuit: Q and A with lawyer Jenny Kiesewetter

Employee benefits lawyer Jenny Kiesewetter provides analysis on the Kraft 401(k) lawsuit.

By Heather Trese | Updated on May 16, 2011

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.

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