PlanOptica
Retirement plan

WELLS FARGO & COMPANY 401(K) PLAN

WELLS FARGO & COMPANYEIN 41-0449260Plan #002PY 2016
Sign in to saveView 5500 PDF
MAC N0001-080 800 WALNUT STREET - DES MOINES, IA 503093636612-316-1519LinkedIn11-50 employees
Other plans on this EIN
2 filings
#001Retirement-$10.35B assets#022Retirement-$43.1M assets
Prospect flagsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
SCOTT KLISMET
Signed 05/01/2018
(612) 316-1519
Plan administrator signer
CARA PECK
Signed 05/01/2018
Plan administrator entity
WELLS FARGO & COMPANY
EIN 410449260
MAC N9310-110, 550 S. 4TH STREET · MINNEAPOLIS, MN 55415
How to read this page

Summary metrics

Total assets (EOY)
$39805.3M
-6.7% from 2016
Total participants
357,473
-0.9% from 2016
Average account balance
$121,538
-5.0% from 2016
Annual return
6.97%
-6.12 pp from 2016

Benchmarks

See 979 peers
Peer group
Industryany (size+type match)
Plan typeDefined contribution
Participants>=10,000
Cohort979 peers
Snapshot2016
Participant deferral / active EE
$5,555
median $2,862
Employer contribution / active EE
$4,299
median $1,471
Participation rate
88.6%
median 79.7%
Avg account balance
$121,538
median $51,926
Admin fee / account holder
$0
median $46
Annual return
6.97%
median 8.51%
Overall peer rank
68th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$57.89B
Average account balance
Total assets / participants with a balance (line 6g)
$234K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
247,396
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
95.1%
Contributions (total)
Employer and participant dollars contributed each year
$2.77B
Contributions per participant
Average employer and participant contribution per enrolled participant
$17K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+19.25%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$40
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Reportable transactions (Schedule G)

14 rows

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
GALLIARD CAPITAL MGMT
INVESTMENT MANAGER
POTENTIAL VIOLATION OF ERISA SECT 406(B)(1) INVOLVING EXT OF CREDIT AS A RESULT OF BOND PURCHASE
—$691K
Part 3
Non-exempt transaction
GALLIARD CAPITAL MGMT
INVESTMENT MANAGER
POTENTIAL VIOLATION OF ERISA SECT 406(B)(1) INVOLVING EXT OF CREDIT AS A RESULT OF BOND PURCHASE
—$0
Part 3
Non-exempt transaction
GALLIARD CAPITAL MGMT
INVESTMENT MANAGER
POTENTIAL VIOLATION OF ERISA SECT 406(B)(1) INVOLVING EXT OF CREDIT AS A RESULT OF BOND PURCHASE
—$0
Part 3
Non-exempt transaction
GALLIARD CAPITAL MGMT
INVESTMENT MANAGER
POTENTIAL VIOLATION OF ERISA SECT 406(B)(1) INVOLVING EXT OF CREDIT AS A RESULT OF BOND PURCHASE
—$0
Part 3
Non-exempt transaction
GALLIARD CAPITAL MGMT
INVESTMENT MANAGER
POTENTIAL VIOLATION OF ERISA SECT 406(B)(1) INVOLVING EXT OF CREDIT AS A RESULT OF BOND PURCHASE
—$0
Part 3
Non-exempt transaction
GALLIARD CAPITAL MGMT
INVESTMENT MANAGER
POTENTIAL VIOLATION OF ERISA SECT 406(B)(1) INVOLVING EXT OF CREDIT AS A RESULT OF BOND PURCHASE
—$0
Part 3
Non-exempt transaction
GALLIARD CAPITAL MGMT
INVESTMENT MANAGER
POTENTIAL VIOLATION OF ERISA SECT 406(B)(1) INVOLVING EXT OF CREDIT AS A RESULT OF BOND PURCHASE
—$0
Part 3
Non-exempt transaction
GALLIARD CAPITAL MGMT
INVESTMENT MANAGER
POTENTIAL VIOLATION OF ERISA SECT 406(B)(1) INVOLVING EXT OF CREDIT AS A RESULT OF BOND PURCHASE
—$0
Part 3
Non-exempt transaction
GALLIARD CAPITAL MGMT
INVESTMENT MANAGER
POTENTIAL VIOLATION OF ERISA SECT 406(B)(1) INVOLVING EXT OF CREDIT AS A RESULT OF BOND PURCHASE
—$0
Part 3
Non-exempt transaction
GALLIARD CAPITAL MGMT
INVESTMENT MANAGER
POTENTIAL VIOLATION OF ERISA SECT 406(B)(1) INVOLVING EXT OF CREDIT AS A RESULT OF BOND PURCHASE
—$0
Part 3
Non-exempt transaction
GALLIARD CAPITAL MGMT
INVESTMENT MANAGER
POTENTIAL VIOLATION OF ERISA SECT 406(B)(1) INVOLVING EXT OF CREDIT AS A RESULT OF BOND PURCHASE
—$0
Part 3
Non-exempt transaction
GALLIARD CAPITAL MGMT
INVESTMENT MANAGER
POTENTIAL VIOLATION OF ERISA SECT 406(B)(1) INVOLVING EXT OF CREDIT AS A RESULT OF BOND PURCHASE
—$0
Part 3
Non-exempt transaction
GALLIARD CAPITAL MGMT
INVESTMENT MANAGER
POTENTIAL VIOLATION OF ERISA SECT 406(B)(1) INVOLVING EXT OF CREDIT AS A RESULT OF BOND PURCHASE
—$0
Part 3
Non-exempt transaction
GALLIARD CAPITAL MGMT
INVESTMENT MANAGER
POTENTIAL VIOLATION OF ERISA SECT 406(B)(1) INVOLVING EXT OF CREDIT AS A RESULT OF BOND PURCHASE
—$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 codes2E2F2H2J2K2P2T3F3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2H
    Partial participant-directed account plan
    Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash 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.
  • 2K
    Code section 401(m) arrangement
    Employee 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.
  • 2P
    Leveraged ESOP
    Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 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
  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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