401(k) · DOL Form 5500 · 2022
Wells Fargo & Company 401(k) Plan
Data updated 2026-08-06
- $45.8B
- Total assets
- 205,865
- Participants
- 100th
- Percentile by assets
- $222,309
- Avg per participant
Official DOL plan name: Wells Fargo & Company 401(k) Plan · Sponsored by Wells Fargo & Company · California · Management of Enterprises
$45.8B in assets, 205,865 participants
Wells Fargo & Company's Wells Fargo & Company 401(k) Plan reported $45.8B in total assets and 205,865 participants in its 2022 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 100th percentile by assets (of 139,258 plans)
- #1,192 in Management of Enterprises (1,193 peers)
Coverage in California
Wells Fargo & Company 401(k) Plan covers 205,865 participants in California, 323x the typical California plan (state average ~637 per filing). Assets: $45.8B.
- $45.8B
- total plan assets (2022 EOY)
- 205,865
- covered participants
- 100th
- percentile by assets (of 139,258 plans)
- $222,309
- avg assets per participant
The plan reported a net loss of $10.5B for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs California filers
In California, the average filing covers about 637 participants across 14,392 plans. Wells Fargo & Company 401(k) Plan reports 205,865 participants - 323x that state average ($45.8B EOY assets).
California filing particulars
| Total Assets (Beginning of Year) | $56.4B |
|---|---|
| Net Assets (End of Year) | $45.3B |
| Net Income | -$10.5B |
| Employer EIN | 410449260 |
| Plan Effective Date | 1953-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Wells Fargo & Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 265,006 | $54.6B |
| 2023 | 3 | 247,447 | $60.7B |
| 2024 | 3 | 225,951 | $66.2B |
Nearby 401(k) Plans in California
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Wells Fargo & Company 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
- Google LLC 401(k) Savings Plan $28.9B · 102,963
- Oracle Corporation 401(k) Savings and Investment Plan $21.9B · 46,320
- Chevron Employee Savings Investment Plan $18.6B · 19,946
- Intel 401(k) Savings Plan $18.4B · 54,672
- Kaiser Permanente 401(k) Retirement Plan $16.1B · 131,955
Scale composition for Wells Fargo & Company 401(k) Plan
Wells Fargo & Company 401(k) Plan reports $45.8B in end-of-year assets across 205,865 participants (0.39% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.23% of 89,805,449 covered participants) - about $222,309 per participant (1.6x the national average assets-per-participant) . Net income for plan year 2022 was -$10.5B.
This plan identity (EIN 410449260, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $45.8B to $57.9B (+26.5%) while covered participants moved from 205,865 to 179,076 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 205,865 | $45.8B | This page |
| 2023 | 193,919 | $51.8B | Open filing |
| 2024 · index core | 179,076 | $57.9B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Wells Fargo & Company 401(k) Plan (401(k), $57.9B, 179,076 participants)
- Wells Fargo & Company Cash Balance Plan (Defined Benefit (Pension), $8.3B, 46,875 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Wells Fargo & Company 401(k) Plan by total assets, not by location.
- The Bank of America 401(k) Plan (NC) $47.1B · 169,036
- Lockheed Martin Corporation Salaried Savings Plan (MD) $43.6B · 87,666
- United Technologies Corporation Employee Savings Plan (CT) $48.9B · 55,762
- Microsoft Corporation Savings Plus 401(k) Plan (WA) $39.6B · 109,797
Frequently Asked Questions
How did Wells Fargo & Company 401(k) Plan assets move in 2022? ▼
How have Wells Fargo & Company plan assets changed over time? ▼
Where does Wells Fargo & Company 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Wells Fargo & Company 401(k) Plan? ▼
Next read for Wells Fargo & Company 401(k) Plan
Filing takeaways
Ways to act on Wells Fargo & Company 401(k) Plan's numbers.
- By total assets, Wells Fargo & Company 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in California. Compare plans
- Wells Fargo & Company's sponsor-wide assets have grown 21.3% since 2022 across 3 plan years on file. More Management of Enterprises plans