401(k) Retirement Plan · Active
WELLS FARGO & COMPANY 401(K) PLAN
WELLS FARGO & COMPANY·EIN 410449260
MAC N9310-110 · MINNEAPOLIS, MN 55415
Plan year
2024
Plan #
002
Industry
Filing ACK
202509101224…
Prospect flagsCorrective distributions
Summary metrics
Total assets (EOY)
$57887M
$233,985 per participant
Active participants
255,580
70.3% participation
Participation rate
70.3%
57th percentile
Annual return
19.25%
87th percentile
Admin expense
0.03%
% of assets
Flag timeline
Issue history by plan year
Tripped years: 4Watched years: 0
2021
1 tripped
2022
1 tripped
2023
1 tripped
2024
1 tripped
CleanWatchedTripped (shade = count)
Section 02
How this plan compares
Peer groupIndustry55, Assets>$1B, Participants>=10,000, Snapshot2024
- Participant contribution$10,43352nd pctile
- Employer contribution$6,15457th pctile
- Participation rate70.3%57th pctile
- Assets per participant$233,98565th pctile
- Expense efficiency$5974th pctile
- Annual return19.25%87th pctile
Overall peer rank
- Bottom quartile
- Mid
- Top quartile
Averaged across 6 normalized metrics within the selected peer group.
Fee trend
Return trend
Section 03
10-year trajectory2021 - 2024
How plan year 2024 played out
Asset flow
+$6.06B
Start of year to end of year
Section 04
Asset composition
End-of-year allocation
Cash drag vs peers
Plan cash
0.0%
Peer average
0.4%
In line with peersPeer marker at 0.4%
Section 04
Service providers
Top 7 by compensation
| Provider | Service type | Compensation |
|---|---|---|
EMPOWER ANNUITY INS CO OF AMERICA Service code 15 | Recordkeeping | $6,345,223 |
EMPOWER ADVISORY GROUP, LLC Service code 26 | Advisory (Participants) | $3,406,684 |
QDRO CONSULTANTS CO LLC Service code 16 | Consulting | $66,300 |
COMERICA BANK & TRUST, NA Service code 21 | Bank Trustee | $0 |
LAZARD ASSET MANAGEMENT Service code 28 | Investment Management | $0 |
STIFEL, NICOLAUS & COMPANY, INC. Service code 33 | Securities brokerage commissions and ... | $0 |
T. ROWE PRICE TRUST COMPANY Service code 28 | Investment Management | $0 |
Section 05Plan features & details
ShowHide features, contributions, expenses, fidelity bond & compliancePension benefit codes2F2G2J2K2O2T3F3H
Section 05
Plan features & details
ShowHide features, contributions, expenses, fidelity bond & compliance
Pension benefit codes2F2G2J2K2O2T3F3H
Plan features
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants 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.
- 2JCode section 401(k) featureCash 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.
- 2KCode section 401(m) arrangementEmployee 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.
- 2OESOP other than a leveraged ESOPEmployee stock ownership plan that is not leveraged.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3FLeased employeesPlan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Contributions
Employer total$1,028,810,596
Participant total$1,744,071,399
Employer / P$6,154
Participant / P$10,433
Expenses
Admin expenses$9,818,207
Per participant$58.73
% of assets0.02%
Fidelity bond
Coverage amount$100,000,000
% of assets0.17%Below ERISA §412 10% minimum
Section 06
Other plans under this sponsor
Same EIN ·410449260