Defined Benefit (Pension) · DOL Form 5500 · 2022
Wells Fargo & Company Pension Plan
Data updated 2026-08-06
- $8.8B
- Total assets
- 59,141
- Participants
- 100th
- Percentile by assets
- $148,534
- Avg per participant
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.
- 100th percentile by assets (of 139,258 plans)
- #1,189 in Management of Enterprises (1,193 peers)
Coverage in California
Wells Fargo & Company Cash Balance Plan covers 59,141 participants in California, 93x the typical California plan (state average ~637 per filing). Assets: $8.8B.
- $8.8B
- total plan assets (2022 EOY)
- 59,141
- covered participants
- 100th
- percentile by assets (of 139,258 plans)
- $148,534
- avg assets per participant
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.
Participants vs California filers
In California, the average filing covers about 637 participants across 14,392 plans. Wells Fargo & Company Cash Balance Plan reports 59,141 participants - 93x that state average ($8.8B EOY assets).
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)
| 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.
Wells Fargo & Company Cash Balance Plan vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants
- 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 (0.075% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.066% of 89,805,449 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)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Wells Fargo & Company Cash Balance Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Wells Fargo & Company Cash Balance Plan assets move in 2022? ▼
How have Wells Fargo & Company plan assets changed over time? ▼
Where does Wells Fargo & Company Cash Balance Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Wells Fargo & Company Cash Balance Plan? ▼
Next read for Wells Fargo & Company Cash Balance Plan
Filing takeaways
Ways to act on Wells Fargo & Company Cash Balance Plan's numbers.
- By total assets, Wells Fargo & Company Cash Balance Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) 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