Retirement plan

EVERGY, INC. 401K SAVINGS PLAN

Name: EVERGY, INC. - EVERGY, INC. 401K SAVINGS PLAN (2024) Form 5500
Creator: EVERGY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EVERGY, INC. 401K SAVINGS PLAN, EVERGY, INC.

EVERGY, INC.EIN 82-2733395Plan #006PY 2024

P. O. BOX 418679 - KANSAS CITY, MO 641419679816-556-2200evergy.comLinkedIn5001-10000 employeesutilities

Other plans on this EIN

2 filings

#001Retirement-$1.16B assets #002Retirement-$201.0M assets

Prospect flagsHigh assets / participant

Top hat statement on fileNQDC

Filed March 18, 2025

Plan administrator

Plan administrator name— Sign in and upgrade to view

P.O. Box 418679

Kansas City, MO 64141

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Plans declared (5)

Evergy, Inc. Supplemental Executive Retirement Plan11 emp
Evergy, Inc. Nonqualified Deferred Compensation Plan13 emp
Westar Energy, Inc. Retirement Benefit Restoration Plan2 emp
Great Plains Energy Incorporated Supplemental Executive Retirement Plan0 emp
Great Plains Energy Incorporated Nonqualified Deferred Compensation Plan0 emp

Total covered: 26 employees

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Total assets (EOY)

$1495.6M

+11.9% from 2023

Total participants

6,003

-0.7% from 2023

Average account balance

$250,185

+12.5% from 2023

Annual return

13.70%

-0.65 pp from 2023

Benchmarks

See 70 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants1,000-4,999

Cohort70 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.50B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$250K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

5,978

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$84.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.70%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$201

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP LLC Service code 27 8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Advisory (Plan)	$723,286
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 37 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Loan Processing	$393,772
SAGEVIEW ADVISORY GROUP, LLC7+ years Filed as: SAGEVIEW ADVISORY GROUP LLC Service code 27 · EIN 33-0818667	Advisory (Plan)	$82,362

Plan features & details

Pension benefit codes2E2F2G2J2K2O2R2S2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$255 / participant

Recordkeeping$394K32.7%
Investment mgmt$806K67.0%
Other / not subdivided$3K0.3%

% of EOY assets

0.080%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$250,185

$188,991+32.4%

$103,447+141.8%

$199,921+25.1%

Participation rate

99.5%

93.2%+6.3pp

80.5%+18.9pp

72.0%+27.5pp

Annual return

13.70%

15.75%-2.0pp

23.92%-10.2pp

34.28%-20.6pp

Employer contribution / active EE

$5,642

$6,583-14.3%

$4,678+20.6%

$3,035+85.9%

Participant deferral / active EE

$12,278

$10,334+18.8%

$6,624+85.4%

$5,089+141.3%

Admin fee / account holder

$201

$114+75.7%

$9,415-97.9%

$269-25.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP LLC

Service code 27

8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Advisory (Plan)

$723,286

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 37

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Loan Processing

$393,772

SAGEVIEW ADVISORY GROUP, LLC7+ years

Filed as: SAGEVIEW ADVISORY GROUP LLC

Service code 27 · EIN 33-0818667

Advisory (Plan)

$82,362

EVERGY, INC. 401K SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (5)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EVERGY, INC. 401K SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (5)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion