Evergy $2.6 Million 401(k) ERISA Class Action Settlement
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Who Is Eligible?
You may be eligible to file a claim if you:
- Current or former employees of Evergy (or its predecessor companies) who participated in the Evergy 401(k) retirement plan
- Individuals who held a balance in the Evergy 401(k) plan during the covered period alleged in the lawsuit (specific dates to be confirmed in official settlement documents)
- Beneficiaries or alternate payees of eligible plan participants may also qualify
- Participants who were subject to the investment options and fee structures at issue in the lawsuit
- Note: Specific eligibility dates and plan names will be outlined in the official settlement notice — check your mail or email for a class notice if you are a current or former Evergy employee
How Much Can You Get?
The total settlement fund is $2.6 million, which will be distributed among eligible class members — current and former Evergy 401(k) plan participants. The exact amount each individual receives will depend on factors such as the size of their account balance during the covered period and the total number of valid claims submitted. This is typical of ERISA 401(k) settlements, where payouts are calculated on a pro-rata basis based on your relative participation in the plan. Specific per-person payout amounts have not been publicly confirmed at this time. However, class members with larger or longer-held account balances generally receive a proportionally higher share. Keep an eye out for an official settlement notice, which should include a personalized calculation of your estimated recovery.How to File Your Claim
Filing your claim is quick and easy:
- Confirm you are a current or former Evergy employee who participated in the company's 401(k) retirement plan during the covered period
- Watch your mail or email for an official class action settlement notice from the settlement administrator — eligible participants are often notified directly
- Review the settlement notice carefully to verify your eligibility and understand your options (claim, opt out, or object)
- If a claim form is required, complete it accurately with your personal and plan participation details — gather any relevant employment records or 401(k) statements if needed
- Submit your claim form by the deadline stated in your official notice (no public deadline has been announced yet — check back for updates)
- Download the Class Action Buddy app to track this settlement, get deadline reminders, and get help filing your claim so you don't miss out
💡 Easier way: File with Class Action Buddy
Skip the paperwork. Our app auto-fills your claim form with your saved profile and submits it electronically in under 2 minutes.
Download for iPhone Download for AndroidFrequently Asked Questions
How do I file a claim for the Evergy $2.6 Million 401(k) ERISA Class Action Settlement?
You have two options: (1) Use the free Class Action Buddy mobile app — set up your profile once and the app auto-fills the PDF claim form, captures your signature, and submits the claim by mail on your behalf. (2) File directly with the settlement administrator using the official claim form linked on this page.
What is the Evergy ERISA 401(k) class action settlement about?
The lawsuit alleged that Evergy mismanaged its employee 401(k) retirement plan, potentially by offering imprudent investment options or allowing excessive fees — violations of ERISA, the federal law that protects retirement plan participants. Evergy agreed to pay $2.6 million to settle these claims without admitting wrongdoing.
Do I need to file a claim to get money from the Evergy 401(k) settlement?
In many ERISA 401(k) settlements, eligible participants are automatically included and may receive payment without filing a separate claim form. However, you should watch for an official settlement notice in your mail or email. If a claim form is required, you'll need to submit it before the deadline. Class Action Buddy can help you stay on top of this.
How much money will I get from the Evergy ERISA settlement?
The total settlement fund is $2.6 million. Your individual payout will depend on your account balance and participation period in the Evergy 401(k) plan relative to other class members. Specific per-person amounts haven't been announced yet, but your official settlement notice should include an estimated payout figure.
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