2023 Form 5500 filing — Wells Fargo & Company 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241007115126NAL0015120241001) for Wells Fargo & Company 401(K) Plan, reported by Wells Fargo & Company under EIN 41-0449260 and plan number 002. It reports 304,980 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241007115126NAL0015120241001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Wells Fargo & Company
- EIN
- 41-0449260
- Plan number
- 002
- Location
- San Francisco, CA
- Participants
- 304,980
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $51,831,350,351
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $51,831,350,351
- Employer contributions
- $965,370,966
- Participant contributions
- $1,780,005,732
- Total income / additions
- $11,947,582,192
- Benefits paid
- $5,361,486,178
- Administrative expenses
- $5,455,622
- Total expenses
- $5,402,043,344
- Net increase / (decrease)
- $6,545,538,848
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Ins Co Of America | NONE | $2,717,269 | $0 |
| Empower Advisory Group, LLC | NONE | $2,674,753 | not reported in the loaded dataset |
| Cowen & Company LLC | NONE | $0 | $323,682 |
| Lazard Asset Management | NONE | $0 | $212,916 |
| Stifel, Nicolaus & Company, Inc. | NONE | $0 | $84,667 |
| Qdro Consultants Co LLC | NONE | $63,600 | not reported in the loaded dataset |
| T. Rowe Price Trust Company | NONE | $0 | $0 |
| Comerica Bank & Trust, Na | NONE | $0 | $0 |