# Wells Fargo & Company 401(k) Plan
Source: https://planprovider.pro/companies/wells-fargo-company-401k-plan

> Wells Fargo & Company's 401(k) plan: 167,176 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Wells Fargo & Company

- **Sponsor EIN:** 410449260

- **Sponsor Address:** MAC N9310-110, MINNEAPOLIS, MN, 55415

- **Plan Type:** 401(k)

- **Total Participants:** 167,176

- **Total Assets:** $57.9B

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|167,176|$57.9B|$1.0B|$1.7B|

| 2023|178,049|$51.8B|$965.4M|$1.8B|

| 2022|192,694|$45.8B|$1.0B|$1.8B|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| EMPOWER ANNUITY INS CO OF AMERICA|NONE|$6,345,223|—|$6,345,223|

| EMPOWER ADVISORY GROUP, LLC|NONE|$3,406,684|—|$3,406,684|

| STIFEL, NICOLAUS & COMPANY, INC.|NONE|—|$494,365|$494,365|

| LAZARD ASSET MANAGEMENT|NONE|—|$187,757|$187,757|

| QDRO CONSULTANTS CO LLC|NONE|$66,300|—|$66,300|

| KPMG, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [STIFEL, NICOLAUS & COMPANY, INC.](https://planprovider.pro/provider/stifel-nicolaus-and-company-incorporated) — NONE

- [KPMG, LLP](https://planprovider.pro/provider/kpmg-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $10,500,329

- **Estimated Expense Ratio:** 0.018% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$9,818,207|$3,406,684|—|—|—|

| 2023|$5,455,622|$2,674,753|—|—|—|

| 2022|$2,042,387|$1,974,287|—|—|$68,100|

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