Defined Benefit (Pension) · DOL Form 5500 · 2022
Wells Fargo & Company Pension Plan
Data updated 2026-08-25
- $8.8B
- Total assets Very large vs avg
- 59,141
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $148,534
- Avg per participant Above avg balance/head
Official DOL plan name: Wells Fargo & Company Cash Balance Plan · Sponsored by Wells Fargo & Company · California · Management of Enterprises
$8.8B in assets, 59,141 participants
Wells Fargo & Company's Wells Fargo & Company Cash Balance Plan reported $8.8B in total assets and 59,141 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.
- #1,189 in Management of Enterprises (1,193 peers)
Coverage in California
Wells Fargo & Company Cash Balance Plan covers 59,141 participants in California, 94x the typical California plan (state average ~630 per filing). Assets: $8.8B.
- #1,189
- in Management of Enterprises (1,193 peers)
- -26.1%
- assets change YoY
- 88×
- vs typical plan assets (national mean)
The plan reported a net loss of $3.0B for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Wells Fargo & Company Cash Balance Plan's outsized position by total assets
Wells Fargo & Company Cash Balance Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$8,784,432,859 Highest reported value at or above every one of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Wells Fargo & Company Cash Balance Plan's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Wells Fargo & Company Cash Balance Plan is a mega filing (59,141 participants), the rightmost band on the breakdown.
EBSA filing schedule strip
Filing strip 410449260 · Wells Fargo & Company PY 2022 · Defined Benefit (Pension)
Wells Fargo & Company Cash Balance Plan · $8.8B · 59,141 · 100th
- RANK $8.8B
- PHOTO 59,141
- IND 100th
- EOY Defined Benefit (Pension)
- 5500 near Retirement Plan of International Paper Company
- ASSETS ind #1189
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Management of Enterprises retirement plans → · Plans in California →
Wells Fargo & Company Cash Balance Plan in the asset neighbourhood
California filing particulars
| Total Assets (Beginning of Year) | $11.9B |
|---|---|
| Net Assets (End of Year) | $8.7B |
| Net Income | -$3.0B |
| Employer EIN | 410449260 |
| Plan Effective Date | 1949-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Wells Fargo & Company)
Sponsor-wide plan assets over time
All Wells Fargo & Company plans reported in each filing year
- Latest sponsor-wide plan assets
- $66.2B 21.282610322087823% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 265,006 | $54.6B |
| 2023 | 3 | 247,447 | $60.7B |
| 2024 | 3 | 225,951 | $66.2B |
Nearby Defined Benefit (Pension) Plans in California
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Kaiser Permanente Retirement Plan $31.9B · 126,331
- Pacific Gas and Electric Company Retirement Plan $17.1B · 25,709
- Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. $10.4B · 19,326
- Disney Salaried Pension Plan D $9.2B · 11,405
- Ilwu-Pma Pension Plan $8.7B · 16,522
Scale composition for Wells Fargo & Company Cash Balance Plan
Wells Fargo & Company Cash Balance Plan reports $8.8B in end-of-year assets across 59,141 participants (0.071% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.063% of 93,925,755 covered participants) - about $148,534 per participant (1.1x the national average assets-per-participant) . Net income for plan year 2022 was -$3.0B.
This plan identity (EIN 410449260, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $8.8B to $8.3B (-5.8%) while covered participants moved from 59,141 to 46,875 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 59,141 | $8.8B | This page |
| 2023 | 53,528 | $8.8B | Open filing |
| 2024 · index core | 46,875 | $8.3B | 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)
Wells Fargo & Company Cash Balance Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside California, the nearest Defined Benefit (Pension) by assets is Retirement Plan of International Paper Company in TN ($8.8B); by covered participants it is The Bank of America Pension Plan in RI (59,906 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($8.8B here).
- Retirement Plan of International Paper Company (TN) $8.8B · 20,914
- Fca US LLC UAW Pension Agreement (MI) $8.6B · 14,563
- Consolidated Cash Balance Program of Mass General Brigham and Member Organizations (MA) $9.1B · 55,495
- Retirement Security Plan (VA) $9.4B · 54,531
Similar participant headcount
Nearest other-state filings by covered participants (59,141 participants); asset peers above are excluded.
- The Bank of America Pension Plan (RI) 59,906 · 765 off
- Sheet Metal Workers' National Pension Fund (VA) 61,068 · 1,927 off
- U.S. Bank Pension Plan (MN) 55,836 · 3,305 off
- The PNC Financial Services Group, Inc. Pension Plan (PA) 63,731 · 4,590 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.