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FORM 5500 DATA

Wellington Retirement And Pension Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan10/30/1979
  • Net Assets as of 12/31/2018 $1,979,464,055
  • Plan Number3
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants2,072
  • Retired or separated participants receiving benefits5
  • Other retired or separated participants entitled to future benefits1,574
  • Subtotal3,651
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits26
  • Total3,677
  • Total number of participants as of 01/01/20183,437
  • Number of participants with account balances3,669
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address280 Congress Street
  • CityBoston
  • StateMA
  • Zip02210
  • Telephone(617) 951-5000
  • EIN30-0835489
  • Industry Code523900
  • Named AdministratorLori Fortin

Audit Information

  • Audit StatusAudited
  • AuditorPricewaterhousecoopers LLP
  • Auditor EIN13-4008324
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
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.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all 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 A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $25,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $-56,932,317
Contributions $84,342,411
Cash Contributions $84,342,411
Cash from Employers $45,373,965
Cash from Participants $24,936,561
Others (including rollovers) $14,031,885
Noncash Contributions $0
Total Earnings on Investments $-142,494,879
Total Interest $279,403
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $279,403
Interest from Other Investments $0
Total Dividends $63,827,096
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $-206,601,378
Other Income $1,220,151
Expenses $54,043,748
Total Benefit Payments $53,715,479
Directly to participants or beneficiaries, including direct rollovers $53,715,479
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $4,375
Certain deemed distributions of participant loans $92,754
Interest expense $0
Total Administrative Expenses $231,140
Professional Fees $0
Contract Administrator Fees $231,140
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-110,976,065
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $1,979,464,055 $2,090,440,120 -5.31%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $2,628,674 $1,924,805 36.57%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $2,628,674 $1,924,805 36.57%
General Investments $138,014,960 $121,441,392 13.65%
Interest-bearing cash $138,014,960 $121,441,392 13.65%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $6,858,252 $7,193,761 -4.66%
Value of interest in common/collective trusts $1,359,430,373 $1,473,936,366 -7.77%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $472,531,203 $485,942,388 -2.76%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $593 $1,408 -57.88%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $1,979,464,055 $2,090,440,120 -5.31%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Hartford
  • Vanguard

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Alight Solutions LLC Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan NONE $181,589 $0 $181,589
State Street Bank & Trust Company Custodial (securities), Direct payment from the plan NONE $49,551 $0 $49,551
Total $231,140 $0 $231,140

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Wtc-Cif Target 2040 Wellington Trust Company, Na DFE: Common/Collective Trust $95,476,639
Wtc-Cif Global Health Care Wellington Trust Company, Na DFE: Common/Collective Trust $90,357,145
Wtc-Cif Biotechnology Wellington Trust Company, Na DFE: Common/Collective Trust $80,865,686
Wtc-Cif Target 2030 Wellington Trust Company, Na DFE: Common/Collective Trust $78,059,415
Wtc-Cif Micro-Cap Equity Wellington Trust Company, Na DFE: Common/Collective Trust $59,857,442
Wtc-Cif Capital Appreciation Wellington Trust Company, Na DFE: Common/Collective Trust $56,243,598
Wtc-Cif Technical Equity Wellington Trust Company, Na DFE: Common/Collective Trust $49,985,685
Wtc-Cif Target 2050 Wellington Trust Company, Na DFE: Common/Collective Trust $45,745,010
Wtc-Cif Enduring Assets Wellington Trust Company, Na DFE: Common/Collective Trust $43,162,195
Wtc-Cif Research Equity Wellington Trust Company, Na DFE: Common/Collective Trust $42,376,909
Wtc-Cif Emerging Markets Wellington Trust Company, Na DFE: Common/Collective Trust $40,386,516
Wtc-Cif Special Equity Wellington Trust Company, Na DFE: Common/Collective Trust $37,481,346
Wtc-Cif Emerging Markets Debt Wellington Trust Company, Na DFE: Common/Collective Trust $37,455,597
Wtc-Cif Target 2020 Wellington Trust Company, Na DFE: Common/Collective Trust $37,118,721
Wtc-Cif China Opportunities Wellington Trust Company, Na DFE: Common/Collective Trust $33,983,966
Wtc-Cif International Contrarian Va Wellington Trust Company, Na DFE: Common/Collective Trust $32,402,448
Wtc-Cif Global Contrarian Equity Wellington Trust Company, Na DFE: Common/Collective Trust $31,790,264
Wtc-Cif Emerging Companies Wellington Trust Company, Na DFE: Common/Collective Trust $29,104,781
Wtc-Cif Energy Wellington Trust Company, Na DFE: Common/Collective Trust $28,593,863
Retirement Savings Trust Vanguard Fiduciary Trust Co. DFE: Common/Collective Trust $25,455,491
Wtc-Cif Small Cap Value Wellington Trust Company, Na DFE: Common/Collective Trust $25,432,826
Wtc-Cif Opportunistic Equity Wellington Trust Company, Na DFE: Common/Collective Trust $22,184,670
Wtc-Cif Latin America Equity Wellington Trust Company, Na DFE: Common/Collective Trust $20,100,022
Wtc-Cif Mid-Cap Value Wellington Trust Company, Na DFE: Common/Collective Trust $19,089,489
Wtc-Cif Global Research Equity Wellington Trust Company, Na DFE: Common/Collective Trust $18,389,543
Wtc-Cif International Research Eqty Wellington Trust Company, Na DFE: Common/Collective Trust $18,122,422
Wtc-Cif Small Cap 2000 Wellington Trust Company, Na DFE: Common/Collective Trust $17,835,631
Wtc-Cif Real Estate Securities Wellington Trust Company, Na DFE: Common/Collective Trust $17,775,212
Wtc-Cif Us Treas Infl Protected Sec Wellington Trust Company, Na DFE: Common/Collective Trust $17,098,374
Wtc-Cif Global Value Wellington Trust Company, Na DFE: Common/Collective Trust $17,070,914
Wtc-Cif Growth Wellington Trust Company, Na DFE: Common/Collective Trust $16,779,455
Wtc-Cif Opportunistic Growth Wellington Trust Company, Na DFE: Common/Collective Trust $15,453,247
Wtc-Cif International Opportunities Wellington Trust Company, Na DFE: Common/Collective Trust $15,155,790
Wtc-Cif Mid-Cap Growth Wellington Trust Company, Na DFE: Common/Collective Trust $15,123,800
Wtc-Cif Diversified Infl Hedges Wellington Trust Company, Na DFE: Common/Collective Trust $13,825,827
Wtc-Cif Small Cap Growth Wellington Trust Company, Na DFE: Common/Collective Trust $12,303,479
Wtc-Cif Asia Ex-Japan Wellington Trust Company, Na DFE: Common/Collective Trust $12,241,059
Wtc-Cif Quality Value Wellington Trust Company, Na DFE: Common/Collective Trust $11,189,734
Wtc-Cif Global Low Volatility Wellington Trust Company, Na DFE: Common/Collective Trust $10,592,278
Wtc-Cif Diversified Growth Wellington Trust Company, Na DFE: Common/Collective Trust $10,498,381
Wtc-Cif International Small Cap Eqt Wellington Trust Company, Na DFE: Common/Collective Trust $10,280,117
Wtc-Cif Us Market Neutral Wellington Trust Company, Na DFE: Common/Collective Trust $10,208,748
Wtc-Cif World Bond Wellington Trust Company, Na DFE: Common/Collective Trust $8,059,507
Wtc-Cif Target 2010 Wellington Trust Company, Na DFE: Common/Collective Trust $7,355,570
Wtc-Cif Core Bond Plus Wellington Trust Company, Na DFE: Common/Collective Trust $5,225,938
Wtc-Cif Research Value Wellington Trust Company, Na DFE: Common/Collective Trust $5,154,912
Wtc-Cif Disc Total Return Growth Wellington Trust Company, Na DFE: Common/Collective Trust $4,873,704
Wtc-Cif Target 2060 Wellington Trust Company, Na DFE: Common/Collective Trust $3,606,889
Wtc-Cif Target 2015 Wellington Trust Company, Na DFE: Common/Collective Trust $789,890
Wtc-Cif Target 2035 Wellington Trust Company, Na DFE: Common/Collective Trust $639,701
Wtc-Cif Target 2045 Wellington Trust Company, Na DFE: Common/Collective Trust $600,715
Wtc-Cif Target 2025 Wellington Trust Company, Na DFE: Common/Collective Trust $263,862
Wtc-Cif Target 2055 Wellington Trust Company, Na DFE: Common/Collective Trust $188,405
Wtc-Cif Small Cap Quant Equity Wellington Trust Company, Na DFE: Common/Collective Trust $17,545
Wtc-Cif Value Wellington Trust Company, Na DFE: Common/Collective Trust $0
Wtc-Cif International Horizons Wellington Trust Company, Na DFE: Common/Collective Trust $0
Total $1,359,430,373

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.