Foxwoods $2000 NLHE Final Table Hand

[Toro]

My friend is catching some grief about the way he played this hand and asked me to post it to get some opinions. This was a $2000 buy-in NLHE event in the World Poker Finals at Foxwoods last Fall.

Four players left, chip stacks as follows:
Seat 1: 380,000
Seat 2: 120,000 (hero)
Seat 3: 24,000
Seat 4: 78,000 (villian)

Prize money as follows:
1st: $154,000
2nd: $94,000
3rd: $59,000
4th: $42,000

Blinds were 4000/8000 with a 500 ante. Seat 1 is the BB and Seat 2 is UTG. Seat 4 is the SB and has been very aggressive.

UTG has AKo and has a plan to try and trap Seat 4 in this hand. He has limped before and Seat 4 has come over the top so he limps with the AK hoping seat 4 will raise and his plan is to re-raise all-in.

So seat 2 open limps for 8000. Seat 3 co-operates by folding and as expected seat 4 raises but he raises all-in. Seat 1 folds. Should seat 2 call or fold here?