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