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Wellington Retirement and Pension Plan Investigation

We are currently investigating the Wellington Management Company’s management of its employee retirement plan, the Wellington Retirement and Pension Plan, for possible violations of the federal Employee Retirement Income Security Act (“ERISA”). 

ERISA requires employers to manage their employee retirement plan exclusively in the interest of participants, excluding all selfish interest, with the care that a prudent fiduciary would exercise. These are known as the fiduciary duties of loyalty and prudence. 

We are investigating whether Wellington breached its fiduciary duties of loyalty and prudence by limiting the 401(k) menu to affiliated investments, and whether employees may have been shortchanged as a result of Wellington’s management of the menu.                                    

If you are a current or former employee of Wellington Management Company or its subsidiaries, and had monies invested in the Wellington Retirement and Pension Plan within the past six years, you may have a claim. To assist us with our investigation or to discuss your potential claims, please email us, or contact Sean Kelly, our class action clerk, at (612) 256-3275.

For more information about our ERISA practice group, click here. You can also find information about some of our current and prior ERISA cases against other financial services companies by clicking on one of the links below:

Our ERISA cases and investigations are primarily handled by Kai H. Richter, Esq. and Carl F. Engstrom, Esq. of Nichols Kaster, PLLP, 4600 IDS Center, 80 South 8th Street, Minneapolis, MN  55402. Though these attorneys are located in Minnesota, they handle cases in jurisdictions across the country.

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