Schneider Wallace and its co-counsel filed a complaint on January 22, 2025, in the U.S. District Court in the Western District of Missouri, alleging that Evergy, Inc. (Evergy) as well as other fiduciaries of the Evergy Inc. 401(k) Savings Plan (the “Plan”) breached their fiduciary duty of prudence under the Employee Retirement Income Security Act (ERISA) by including, failing to monitor and failing to remove the American Century Target Date Funds (TDFs) as Plan investment options. The American Century TDFs significantly underperformed their own benchmarks as well as numerous other comparable TDFs in the marketplace before and during the class period. Defendants’ failure to monitor or remove the American Century TDFs cost the Plan tens of millions of dollars in damages.

Plaintiffs bring their claims on behalf of a class of all participants and beneficiaries of the Evergy Plan who invested in any of the American Century TDFs during the class period.

A copy of the complaint can be found here: Doll_v _Evergy_Complaint

ERISA Litigation Law Firm

If you are a participant (current or former) in the Evergy Plan and you invested in the American Century TDFs, if you would like additional information about the lawsuit, we invite you to schedule a consultation with our ERISA attorneys. Schneider Wallace Cottrell Konecky LLP is a national law firm that represents consumers and individuals in a wide range of cases, including ERISA fiduciary cases involving plan investments and fees. Contact us at 1-800-689-0024.