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Retirement plan

WELLS FARGO & COMPANY CASH BALANCE PLAN

WELLS FARGO & COMPANYEIN 41-0449260Plan #001PY 2016
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MAC N0001-080 800 WALNUT STREET - DES MOINES, IA 503093636612-316-1519LinkedIn11-50 employees
Other plans on this EIN
2 filings
#002Retirement-$39.81B assets#022Retirement-$43.1M assets
Prospect flagsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
SCOTT KLISMET
Signed 09/25/2017
(612) 316-1519
Plan administrator signer
CARA PECK
Signed 09/25/2017
Plan administrator entity
WELLS FARGO & COMPANY
EIN 410449260
MAC N9310-110, 550 S. 4TH STREET · MINNEAPOLIS, MN 55415
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Summary metrics

Total assets (EOY)
$10346.6M
-0.3% from 2016
Total participants
245,180
+4.4% from 2016
Average account balance
$0
No prior year
Annual return
6.78%
-9.53 pp from 2016

Benchmarks

See 244 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort244 peers
Snapshot2016
Participant deferral / active EE
$0
median $34
Employer contribution / active EE
$0
median $6,216
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $40,289
Admin fee / account holder
$0
median $312
Annual return
6.78%
median 6.89%
Overall peer rank
48th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$8.28B
Average account balance
Total assets / participants with a balance (line 6g)
$50K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
125,285
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$570.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$8K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+2.01%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 50 by compensation
ProviderService typeCompensation
TOWERS WATSON DELAWARE INC2+ years
Service code 12 · EIN 53-0181291
Claims processing; Contract Administr...
$10,237,603
MFS INSTITUTIONAL ADVISORS2+ years
Service code 28 · EIN 02-0507414
Investment Management
$1,586,993
GENESIS GROUP2+ years
Service code 28 · EIN 98-0425770
Investment Management
$1,421,803
JP MORGAN INVESTMENT MGMT INC2+ years
Service code 27 · EIN 13-3200244
Advisory (Plan)
$1,383,710
NISA INVESTMENT ADVISORS LLC2+ years
Service code 28 · EIN 48-1140940
Investment Management
$1,118,294
LSV ASSET MANAGEMENT2+ years
Service code 28 · EIN 23-2772200
Investment Management
$957,626
PRUDENTIAL INVESTMENT MANAGEMENT2+ years
Service code 28 · EIN 22-2540245
Investment Management
$931,402
MONDRIAN INVESTMENT PARTNERS LP2+ years
Service code 28 · EIN 98-0117968
Investment Management
$861,250
AKSIA2+ years
Service code 28 · EIN 20-5385739
Investment Management
$781,565
ARTISAN PARTNERS2+ years
Service code 28 · EIN 30-0551775
Investment Management
$775,165

Enrolled actuary

1 attachment
SB

J. ASHLEY LONG

AON CONSULTING, INC.
Enrollment #1707146
1111 METROPOLITAN AVE, SUITE 400
CHARLOTTE, NC 28204
(704) 343-4100
Signed 2017-07-14

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

CategoryCounterpartyRelationship / TermsAddressAmount
Part 3
Non-exempt transaction
WELLS CAPITAL MGMT
INVESTMENT MANAGER
POTENTIAL VIOLATION OF ERISA SECT 406(B)(1) INVOLVING AN EXT OF CREDIT AS A RESULT OF BOND PURCH
—$0

Top hat statement on fileNQDC

Filed December 29, 1993 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes1C1E1I3H
Plan features
  • 1C
    Cash balance or similar plan
    A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
  • 1E
    Section 401(h) arrangement
    Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
  • 1I
    Frozen plan
    As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped
  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$48.0M
$514 / participant
  • Investment mgmt$21M42.9%
  • Contract admin$11M22.4%
  • Other / not subdivided$17M34.7%
% of EOY assets
0.464%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm
KPMG, LLP
Auditor EIN
135565207
Audit fees
(not subdivided)
Opinion code
Disclaimer