Wells Fargo
Wells Fargo & Company · MINNEAPOLIS, MN · WFC (NYSE) · Management of companies and enterprises · sponsor EIN 41-0449260 · 1 plan with Schedule H financials, latest plan year 2024
Plan terms
Quoted from Wells Fargo & Company's SEC filing. The figures on this page cover the plan year ended 2024-12-31, a different period: terms may have changed between the two. The plan document governs; these are the filing's own words.
Eligibility
“Employees eligible to participate in the Plan include regular and fixed term employees, flexible employees, and interns employed by a participating employer, who have completed one full calendar month of service and meet the minimum eligibility age of 18.”
As stated in Wells Fargo & Company's Form 11-K filed 2026-06-17 (SEC): source document; plan description note, eligibility section.
Vesting
“Matching contributions for eligible employees hired January 1, 2021 or after are subject to 3-year cliff vesting.”
As stated in Wells Fargo & Company's Form 11-K filed 2026-06-17 (SEC): source document; plan description note, vesting section.
WELLS FARGO & COMPANY 401(K) PLAN
Plan year 2024-01-01 to 2024-12-31 · $57,886,997,456 in assets · 247,396 participants with a balance · >$1B bucket, single-employer · plan number 002
At a glance
Recordkeeping fees per participant (headline)
$25.65
higher than 34% of the 790 plans of similar size (>$1B) that report it
= recordkeeping_fees / participants_with_balance. Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250910122413NAL0013437923001, received 2025-09-10 · participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250910122413NAL0013437923001, received 2025-09-10
Administrative expenses excluding investment management, per participant
$25.92
higher than 23% of the 1,045 plans of similar size (>$1B) that report it
= admin_excl_invmgmt / participants_with_balance. derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250910122413NAL0013437923001, received 2025-09-10 · participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250910122413NAL0013437923001, received 2025-09-10
Administrative expenses per participant
$39.69
higher than 21% of the 1,076 plans of similar size (>$1B) that report it
= admin_expenses / participants_with_balance. Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250910122413NAL0013437923001, received 2025-09-10 · participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250910122413NAL0013437923001, received 2025-09-10
Administrative expenses as a share of assets
0.017%
higher than 14% of the 1,076 plans of similar size (>$1B) that report it
= admin_expenses / assets_eoy. Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250910122413NAL0013437923001, received 2025-09-10 · assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250910122413NAL0013437923001, received 2025-09-10
Employer contributions per participant
$4,159
higher than 57% of the 1,135 plans of similar size (>$1B) that report it
= employer_contrib / participants_with_balance. Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250910122413NAL0013437923001, received 2025-09-10 · participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250910122413NAL0013437923001, received 2025-09-10
Employer share of total contributions
34.4%
higher than 55% of the 1,135 plans of similar size (>$1B) that report it
= employer_contrib / total_contrib. Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250910122413NAL0013437923001, received 2025-09-10 · total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250910122413NAL0013437923001, received 2025-09-10
Percentiles compare this plan with the Schedule H plans of the same asset bucket and plan year, excluding final filings; a percentile is shown only where at least 50 comparable plans report the figure. The match formula is not in the filing; only amounts are shown.
Plan features
2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2T default investment (QDIA) · 3F · 3H controlled-group sponsor Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250910122413NAL0013437923001, received 2025-09-10
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO OF AMERICA (recordkeeper) | NONE | 15 Recordkeeping and information management; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $6,345,223 | yes |
| EMPOWER ADVISORY GROUP, LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $3,406,684 | no |
| QDRO CONSULTANTS CO LLC | NONE | 16 Consulting (general); 50 Direct payment from the plan | $66,300 | no |
| STIFEL, NICOLAUS & COMPANY, INC. | NONE | 33 Securities brokerage; 71 Securities brokerage commissions and fees | $0 | yes |
| LAZARD ASSET MANAGEMENT | NONE | 28 Investment management; 52 Investment management fees paid indirectly by plan | $0 | yes |
| T. ROWE PRICE TRUST COMPANY | NONE | 28 Investment management; 68 Soft dollars commissions | $0 | yes |
| COMERICA BANK & TRUST, NA | NONE | 21 Trustee (bank, trust company or similar); 28 Investment management | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250910122413NAL0013437923001, received 2025-09-10.
Full record
| Field | Value | Source |
|---|---|---|
| Plan sponsor | WELLS FARGO & COMPANY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Plan name | WELLS FARGO & COMPANY 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Sponsor EIN / plan number | 41-0449260 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Sponsor location | MINNEAPOLIS, MN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Industry (business code) | 551111, Management of companies and enterprises | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Filing received | 2025-09-10 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Participants, beginning of year | 288,416 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Active participants | 167,176 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Participants, end of year | 255,580 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Participants with an account balance | 247,396 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Total assets, beginning of year | $51,831,350,351 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Total assets, end of year | $57,886,997,456 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Net assets, end of year | $57,886,997,456 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Total income | $12,790,864,232 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Net income | $6,055,647,105 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Employer contributions | $1,028,810,596 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Participant contributions | $1,744,071,399 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Other contributions (incl. rollovers) | $219,851,879 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Total contributions | $2,992,733,874 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Benefit payments | $6,693,817,194 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Total expenses (incl. benefit payments) | $6,735,217,127 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Total administrative expenses | $9,818,207 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Recordkeeping fees | $6,345,223 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Investment advisory and management fees | $3,406,684 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Administrative expenses excluding investment management | $6,411,523 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Held in common/collective trusts | $39,189,455,177 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Held in mutual funds | $3,920,485,637 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250910122413NAL0013437923001, received 2025-09-10 |
| Independent auditor | KPMG, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250910122413NAL0013437923001, received 2025-09-10 |
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $51,831,350,351 | $57,886,997,456 | 11.7% |
| Participants with a balance | 279,968 | 247,396 | -11.6% |
| Administrative expenses | $5,455,622 | $9,818,207 | 80.0% |
| Recordkeeping fees per participant | $9.71 | $25.65 | 164.3% |
| Employer contributions | $965,370,966 | $1,028,810,596 | 6.6% |
Prior filing 20241007115126NAL0015120241001, received 2024-10-07; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: WELLS FARGO & COMPANY; SEC registrant: WELLS FARGO & COMPANY/MN (CIK 72971, matched by EIN).