Wellington Management Company LLP 401(k) Review & Grade
Wellington Retirement and Pension Plan
Boston, MAFinance & Insurance2,168 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$24,376Employer $ per active participant
$15,830Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$3.2BNet plan assets, end of year
$793,116Average balance per account
Score breakdown
- Employer generosity49.8 / 50100th percentile for employer $ per participant
- Low cost24.7 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving13.8 / 1592th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score95 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 99th |
| Employee saving | 92th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,595 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Wellington Management Company LLP put in about $24,376 per active participant, more than the typical peer ($3,606). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $52,860,424 |
| Participant (employee) contributions | $34,327,485 |
| Other contributions (incl. rollovers in) | $20,049,213 |
| Administrative expenses paid from the plan | $161,103 |
| Other admin expenses | $161,103 |
| Benefits paid out | $172,013,839 |
| Net assets, start / end of year | $2.9B / $3.2B |
| Active participants, start / end of year | 2,265 / 2,072 |
| Participants with account balances | 3,984 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pricewaterhousecoopers LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $166,703 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015152933NAL0002670931001, received 2025-10-15, EIN 30-0835489, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.