Employer · plans filed under one EIN
Wells Fargo & Company
Minneapolis, MN · Management of companies (holding companies)
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
3 retirement plans with 100 or more participants file Form 5500 under Wells Fargo & Company's employer identification number (Minneapolis, Minnesota). Their latest filings total 423,046 participant records and $66.2B in net assets.
The largest is Wells Fargo & Company 401(k) Plan, an ESOP with a 401(k) feature with 255,580 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $1.03B and participant contributions $1.74B in the latest plan years; benefits paid were $7.38B. Schedule C compensation reported to service provider organisations totalled $34.1M.
Combined net assets moved from $27.8B in 2009 to $66.2B in 2024 (up 138%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Wells Fargo & Company 401(k) Plan | ESOP with a 401(k) feature | 2024 | 255,580 | $57.9B | $226,493 | $6,154 | $10.5M |
| Wells Fargo & Company Cash Balance Plan | cash balance pension plan | 2024 | 165,927 | $8.25B | $49,704 | — | $23.2M |
| Puerto Rico Financial Retirement Plan | defined benefit pension plan | 2024 | 1,539 | $53.3M | $34,664 | — | $383K |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 3 | 423,046 | $66.2B | $1.03B | $1.74B |
| 2023 | 3 | 463,880 | $60.6B | $965M | $1.78B |
| 2022 | 3 | 502,392 | $54.1B | $1.03B | $1.78B |
| 2021 | 3 | 519,632 | $67.5B | $1.03B | $1.84B |
| 2020 | 3 | 546,501 | $60.2B | $1.59B | $1.80B |
| 2019 | 3 | 562,283 | $58.1B | $1.22B | $1.65B |
| 2018 | 3 | 574,156 | $49.3B | $1.15B | $1.60B |
| 2017 | 3 | 588,195 | $55.1B | $1.31B | $1.55B |
| 2016 | 3 | 604,285 | $48.5B | $1.13B | $1.46B |
| 2015 | 2 | 610,178 | $46.0B | $2.41B | $1.43B |
| 2014 | 2 | 631,233 | $45.0B | $1.02B | $1.29B |
| 2013 | 2 | 642,208 | $41.4B | $1.19B | $1.25B |
| 2012 | 2 | 662,269 | $35.5B | $1.15B | $1.18B |
| 2011 | 2 | 684,574 | $31.5B | $1.13B | $1.14B |
| 2010 | 2 | 689,947 | $31.4B | $1.12B | $1.10B |
| 2009 | 2 | 557,093 | $27.8B | $553M | $621M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Towers Watson Delaware Inc. | Claims processing; Contract Administrator | 1 | $7,924,362 |
| Empower Annuity Ins Co. of America | Recordkeeping and information management; Participant loan processing | 1 | $6,345,223 |
| Empower Advisory Group, LLC | Investment advisory (participants) | 1 | $3,406,684 |
| Nisa Investment Advisors, LLC | Investment management | 1 | $2,054,937 |
| Blue Owl GPSC Advisors LLC | Investment management | 1 | $2,053,101 |
| Delaware Charter Guarantee & Trust | Trustee (bank, trust company, or similar financial institution) | 1 | $1,665,410 |
| Pinebridge Investments LLC | Investment management | 1 | $1,023,306 |
| Fiam LLC | Investment management | 1 | $917,982 |
| Dodge & Cox | Investment management | 1 | $911,613 |
| Doubleline Capital LP | Investment management | 1 | $892,505 |
| Global Infrastructure Partners | Investment management | 1 | $770,635 |
| T. Rowe Price Associates, Inc. | Investment management | 1 | $706,455 |
| Stifel, Nicolaus & Company, Inc. | Securities brokerage | 1 | $494,365 |
| Acadian Asset MGMT LLC | Investment management; Other services | 1 | $461,903 |
| MFS Heritage Trust Company | Investment management | 1 | $431,765 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Wells Fargo & Company have?
3 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Wells Fargo & Company 401(k) Plan, Wells Fargo & Company Cash Balance Plan and Puerto Rico Financial Retirement Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Wells Fargo & Company contribute to its plans?
$1,028,810,596 in employer contributions across these plans in their latest plan years, about $4,951 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Towers Watson Delaware Inc., Empower Annuity Ins Co. of America, Empower Advisory Group, LLC and Nisa Investment Advisors, LLC and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.