Plan Snapshot
- Plan Sponsor: Wells Fargo & Company
- Sponsor EIN: 410449260
- Sponsor Address: MAC N9310-110, MINNEAPOLIS, MN, 55415
- Plan Type: 401(k)
- Plan Number: 537
- Total Participants: 149,291
- Total Assets: $14.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 149,291 | $14.1M | $2.0B | $639.5M |
| 2023 | 160,873 | $1.9M | $1.9B | $676.3M |
| 2022 | 173,224 | $19.6M | $1.9B | $650.9M |
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 |
|---|---|---|---|---|
| UNITED HEALTHCARE | Other Service Provider | $56,285,750 | — | $56,285,750 |
| ANTHEM INSURANCE COMPANIES, INC. | Other Service Provider | $37,440,499 | — | $37,440,499 |
| EXPRESS SCRIPTS | Other Service Provider | $25,137,055 | — | $25,137,055 |
| INCLUDED HEALTH, INC. | Other Service Provider | $22,391,192 | — | $22,391,192 |
| AETNA LIFE INSURANCE COMPANY | Other Service Provider | $5,055,719 | — | $5,055,719 |
| DDMN ASO, LLC | Other Service Provider | $3,907,446 | — | $3,907,446 |
| CENTIVO | Other Service Provider | $1,427,950 | — | $1,427,950 |
| VISION SERVICE PLAN (VSP) | Other Service Provider | $491,374 | — | $491,374 |
| CROWE LLP | Other Service Provider | $126,000 | — | $126,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $152,262,985
- Estimated Expense Ratio: 1076.339% 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 | $152,265,735 | — | $152,136,985 | $126,000 | — |
| 2023 | $144,880,560 | — | $144,756,310 | $121,500 | — |
| 2022 | $146,513,255 | — | $146,513,255 | — | — |