401(k) · DOL Form 5500 · 2023

Wells Fargo & Company 401(k) Plan

Data updated 2026-08-25

$51.8B
Total assets Mega-plan scale
193,919
Participants Very large workforce
100th
Percentile by assets National rank
$267,284
Avg per participant High balance/head
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Official DOL plan name: Wells Fargo & Company 401(k) Plan · Sponsored by Wells Fargo & Company · California · Management of Enterprises

$51.8B in assets, 193,919 participants

Wells Fargo & Company's Wells Fargo & Company 401(k) Plan reported $51.8B in total assets and 193,919 participants in its 2023 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.

  • #1,136 in Management of Enterprises (1,137 peers)

Coverage in California

Wells Fargo & Company 401(k) Plan covers 193,919 participants in California, 308x the typical California plan (state average ~630 per filing). Assets: $51.8B.

#1,136
in Management of Enterprises (1,137 peers)
+13.3%
assets growth YoY
520×
vs typical plan assets (national mean)

Wells Fargo & Company 401(k) Plan's outsized position by total assets

Wells Fargo & Company 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$51,831,350,351 Highest reported value at or above every one of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Wells Fargo & Company 401(k) Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Wells Fargo & Company 401(k) Plan is a mega filing (193,919 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Wells Fargo & Company 401(k) Plan reported net income rose from -$10.5B in the plan year 2022 filing to $6.5B in the plan year 2023 filing.
  • Wells Fargo & Company 401(k) Plan end-of-year assets rose from $45.8B in the plan year 2022 filing to $51.8B in the plan year 2023 filing.
  • Wells Fargo & Company 401(k) Plan reported participants fell from 205,865 in the plan year 2022 filing to 193,919 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 410449260 · Wells Fargo & Company PY 2023 · 401(k)

Wells Fargo & Company 401(k) Plan · $51.8B · 193,919 · 100th

  • IND $51.8B
  • IND 193,919
  • IND 100th
  • IND 401(k)
  • IND near Rtx Savings Plan
  • IND ind #1136

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 401(k) Plan in the asset neighbourhood

The Bank of America 401(k) PlanThe Bank of America 401(k) P…$54.8BMicrosoft Corporation Savings Plus 401(k) PlanMicrosoft Corporation Saving…$53.2BRtx Savings Plan$52.8BWells Fargo & Company 401(k) PlanWells Fargo & Company 401(k)…$51.8BLockheed Martin Corporation Salaried Savings PlanLockheed Martin Corporation …$47.3B
End-of-year total assets ($B) among Wells Fargo & Company 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$45.8B
Net Assets (End of Year)$51.8B
Net Income$6.5B
Employer EIN410449260
Plan Effective Date1953-01-01
Filing StatusFILING 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
$50B$55B$60B$65B$70B 202220232024 $54.6B $66.2B ▲ +21.3%
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 Scatter plot of 6 data points. 50000100000150000200000250000 102030405060 Total assets ($B) Participants Wells Fargo & Company 401(k) Plan, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 401(k) PlanKaiser Permanente 401(k) Retirement Plan, Total assets ($B): 19.708272899 · Participants: 136422Kaiser Permanente 401(k) Retirement Plan
Wells Fargo & Company 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Wells Fargo & Company 401(k) Plan side-by-side with 3 peers →

Scale composition for Wells Fargo & Company 401(k) Plan

Wells Fargo & Company 401(k) Plan reports $51.8B in end-of-year assets across 193,919 participants (0.42% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.21% of 93,925,755 covered participants) - about $267,284 per participant (1.9x the national average assets-per-participant) . Net income for plan year 2023 was $6.5B.

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 Open filing
2023 193,919 $51.8B This page
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's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Rtx Savings Plan in CT ($52.8B); by covered participants it is Allegis Group, Inc. Retirement Savings Plan Two in MD (194,764 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($51.8B here).

Similar participant headcount

Nearest other-state filings by covered participants (193,919 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Wells Fargo & Company 401(k) Plan assets move in 2023? ▼
Wells Fargo & Company 401(k) Plan grew at a solid clip - up 13.3% during 2023, from $45.8B to $51.8B. Reported net income was $6.5B.
How have Wells Fargo & Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Wells Fargo & Company's sponsor-wide assets grew 21.3%, from $54.6B to $66.2B.
Where does Wells Fargo & Company 401(k) Plan rank by assets among Form 5500 filers? ▼
Wells Fargo & Company 401(k) Plan ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Wells Fargo & Company 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Rtx Savings Plan in CT ($52.8B, 123,037 participants).
Which 401(k) plans cover a similar participant headcount to Wells Fargo & Company 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Allegis Group, Inc. Retirement Savings Plan Two in MD (194,764 participants, $224M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410449260.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.