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.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.