Retirement plan
WELLS FARGO & COMPANY CASH BALANCE PLAN
WELLS FARGO & COMPANYEIN 41-0449260Plan #001PY 2020
Other plans on this EIN
2 filingsProspect flagsNo flags tripped
Filing contacts
From the Form 5500, federal recordPlan administrator signer
MARK HICKMAN
Signed 10/11/2021
Plan administrator entity
WELLS FARGO & COMPANY
EIN 410449260
MAC N9310-110, 550 S. 4TH STREET · MINNEAPOLIS, MN 55415
Summary metrics
Total assets (EOY)
$12320.3M
-0.3% from 2016
Total participants
213,087
+4.4% from 2016
Average account balance
$0
No prior year
Annual return
12.84%
-9.53 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort212 peers
Snapshot2020
0
Participant deferral / active EE
$0
median $23
42
Employer contribution / active EE
$8,140
median $5,975
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
49
Annual return
12.84%
median 12.84%
Overall peer rank
45of 100
45th 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 47 by compensation
| Provider | Service type | Compensation |
|---|---|---|
TOWERS WATSON DELAWARE INC6+ years Service code 12 · EIN 53-0181291 | Claims processing; Direct payment fro... | $7,842,040 |
DYAL IV PENSION INVESTORS LP2 years Service code 28 · EIN 98-1390988 | Investment Management | $2,198,038 |
PINEBRIDGE INVESTMENTS LLC6+ years Service code 28 · EIN 06-1078320 | Investment Management | $1,974,443 |
PRUDENTIAL INVESTMENT MANAGEMENT6+ years Service code 28 · EIN 22-2540245 | Investment Management | $1,739,754 |
ACADIAN FUNDS1 year Service code 28 · EIN 04-2929221 | Investment Management | $1,230,780 |
NISA INVESTMENT ADVISORS LLC6+ years Service code 28 · EIN 48-1140940 | Investment Management | $1,224,952 |
MFS INSTITUTIONAL ADVISORS6+ years Service code 28 · EIN 02-0507414 | Investment Management | $1,149,327 |
GLOBAL INFRASTRUCTURE PARTNERS6+ years Service code 28 · EIN 20-5504170 | Investment Management | $1,074,676 |
FIAM LDI4 years Service code 28 · EIN 20-1733361 | Investment Management | $1,021,436 |
DODGE & COX6+ years Service code 28 · EIN 94-1441976 | Investment Management | $889,042 |
Enrolled actuary
1 attachment
SB
J. ASHLEY LONG, ASA, EA
AON CONSULTING, INC.
Enrollment #2007146
1111 METROPOLITAN AVE, SUITE 400
CHARLOTTE, NC 28204
(704) 343-4100
Signed 2021-08-02
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.
Plan features & details
Pension benefit codes1C1E1I3H
Plan features
- 1CCash balance or similar planA 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).
- 1ESection 401(h) arrangementPlan contains separate accounts under Code section 401(h) to provide employee health benefits.
- 1IFrozen planAs 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.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
0 tripped
No flags tripped for this filing year. This plan looks clean.
Expense breakdown
Schedule H Part II
Admin total
$48.6M
$694 / participant
- Investment mgmt$22M44.6%
- Contract admin$8M17.2%
- Other / not subdivided$19M38.2%
% of EOY assets
0.395%
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