Defined Benefit (Pension) · DOL Form 5500 · 2023
Wells Fargo & Company Pension Plan
Data updated 2026-08-25
- $8.8B
- Total assets Very large vs avg
- 53,528
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $164,106
- 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, 53,528 participants
Wells Fargo & Company's Wells Fargo & Company Cash Balance Plan reported $8.8B in total assets and 53,528 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.
- #1,132 in Management of Enterprises (1,137 peers)
Coverage in California
Wells Fargo & Company Cash Balance Plan covers 53,528 participants in California, 85x the typical California plan (state average ~630 per filing). Assets: $8.8B.
- #1,132
- in Management of Enterprises (1,137 peers)
- -0.0%
- assets change YoY
- 88×
- vs typical plan assets (national mean)
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 2023 · DOL Form 5500
$8,784,281,552 Highest reported value at or above every one of 127,068 filed plans
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 Cash Balance 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 Cash Balance Plan is a mega filing (53,528 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Wells Fargo & Company Cash Balance Plan reported net income rose from -$3.0B in the plan year 2022 filing to $27M in the plan year 2023 filing.
- Wells Fargo & Company Cash Balance Plan reported participants fell from 59,141 in the plan year 2022 filing to 53,528 in the plan year 2023 filing.
- Wells Fargo & Company Cash Balance Plan end-of-year assets fell from $8.8B in the plan year 2022 filing to $8.8B in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 410449260 · Wells Fargo & Company PY 2023 · Defined Benefit (Pension)
Wells Fargo & Company Cash Balance Plan · $8.8B · 53,528 · 100th
- PCT $8.8B
- EIN 53,528
- RANK 100th
- PHOTO Defined Benefit (Pension)
- IND near Retirement Plan of International Paper Company
- EOY ind #1132
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) | $8.8B |
|---|---|
| Net Assets (End of Year) | $8.8B |
| Net Income | $27M |
| 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 $33.5B · 127,356
- Pacific Gas and Electric Company Retirement Plan $21.4B · 22,914
- Pacific Gas and Electric Company Retirement Plan $18.0B · 25,647
- Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. $10.8B · 19,545
- Disney Salaried Pension Plan D $10.1B · 10,813
Scale composition for Wells Fargo & Company Cash Balance Plan
Wells Fargo & Company Cash Balance Plan reports $8.8B in end-of-year assets across 53,528 participants (0.071% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.057% of 93,925,755 covered participants) - about $164,106 per participant (1.2x the national average assets-per-participant) . Net income for plan year 2023 was $27M.
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 | Open filing |
| 2023 | 53,528 | $8.8B | This page |
| 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 Retirement Security Plan in VA (54,171 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 · 20,164
- New England Teamsters Pension Fund (MA) $9.1B · 21,786
- Ng Space&mission Systems Corp Salaried Pension Pla (VA) $8.5B · 7,117
- Sheet Metal Workers' National Pension Fund (VA) $8.3B · 61,272
Similar participant headcount
Nearest other-state filings by covered participants (53,528 participants); asset peers above are excluded.
- Retirement Security Plan (VA) 54,171 · 643 off
- Building Service 32bj Pension Fund (NY) 55,540 · 2,012 off
- Southern Nevada Culinary and Bartenders Pension Plan (NV) 50,789 · 2,739 off
- U.S. Bank Pension Plan (MN) 56,287 · 2,759 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.