Evergy and SageView settle 401(k) target-date fund lawsuit
Updated
Updated · Bloomberg Law · May 7
Evergy and SageView settle 401(k) target-date fund lawsuit
3 articles · Updated · Bloomberg Law · May 7
Summary
The proposed $2.6 million deal, filed in federal court in western Missouri, splits payments into $1.7 million from Evergy defendants and $900,000 from SageView.
It would resolve a certified class action covering at least hundreds of participants in Evergy's retirement plan.
The year-old case challenged American Century target-date funds selected for the 401(k) plan and the related investment advisory services.