Evergy Settles Retirement Plan Lawsuit
Lawrence News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Former Evergy employees have reached a settlement in their class action lawsuit against the company over alleged mishandling of their retirement plan. The suit claimed poor investment oversight led to significant losses for workers. The settlement details are confidential but will be reviewed by a court soon. Evergy settled to avoid further legal costs and uncertainty, maintaining it always acted in participants best interests. The case began in 2025, alleging underperforming target date funds were kept too long. These funds, which made up over a third of the plans assets, lagged behind peers and suffered a forty percent asset drop between 2016 and 2024. The settlement resolves claims of tens of millions in losses for the class, ending years of debate over fiduciary duties.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/05739f039b4610ce