401(k) · DOL Form 5500 · 2024
Wells Fargo & Company 401(k) Plan
Data updated 2026-08-25
- $57.9B
- Total assets Mega-plan scale
- 179,076
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $323,254
- Avg per participant High balance/head
Official DOL plan name: Wells Fargo & Company 401(k) Plan · Sponsored by Wells Fargo & Company · Minnesota · Management of Enterprises
$57.9B in assets, 179,076 participants
Wells Fargo & Company's Wells Fargo & Company 401(k) Plan reported $57.9B in total assets and 179,076 participants in its 2024 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 (1,133 peers)
Coverage in Minnesota
Wells Fargo & Company 401(k) Plan covers 179,076 participants in Minnesota, 159x the typical Minnesota plan (state average ~1,126 per filing). Assets: $57.9B.
- #1,132
- in Management of Enterprises (1,133 peers)
- +11.7%
- assets growth YoY
- 581×
- 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 2024 · DOL Form 5500
$57,886,997,456 Highest reported value at or above every one of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Wells Fargo & Company 401(k) Plan's mega-plan peer group by participant headcount
Plan-year 2024 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 (179,076 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Wells Fargo & Company 401(k) Plan end-of-year assets rose from $51.8B in the plan year 2023 filing to $57.9B in the plan year 2024 filing.
- Wells Fargo & Company 401(k) Plan reported participants fell from 193,919 in the plan year 2023 filing to 179,076 in the plan year 2024 filing.
- Wells Fargo & Company 401(k) Plan reported net income fell from $6.5B in the plan year 2023 filing to $6.1B in the plan year 2024 filing.
EBSA filing schedule strip
Filing strip 410449260 · Wells Fargo & Company PY 2024 · 401(k)
Wells Fargo & Company 401(k) Plan · $57.9B · 179,076 · 100th
- PCT $57.9B
- PCT 179,076
- PCT 100th
- PCT 401(k)
- PCT near Rtx Savings Plan
- PCT 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 Minnesota →
Wells Fargo & Company 401(k) Plan in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $51.8B |
|---|---|
| Net Assets (End of Year) | $57.9B |
| Net Income | $6.1B |
| Employer EIN | 410449260 |
| Plan Effective Date | 1953-01-01 |
| 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 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Unitedhealth Group 401(k) Savings Plan $26.6B · 205,460
- Target Corporation 401(k) Plan $14.4B · 409,649
- Medtronic Savings and Investment Plan $13.7B · 38,480
- U.S. Bank 401(k) Savings Plan $11.4B · 73,109
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $10.6B · 32,964
Scale composition for Wells Fargo & Company 401(k) Plan
Wells Fargo & Company 401(k) Plan reports $57.9B in end-of-year assets across 179,076 participants (0.47% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.19% of 93,925,755 covered participants) - about $323,254 per participant (2.3x the national average assets-per-participant) . Net income for plan year 2024 was $6.1B.
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 | Open filing |
| 2024 · index core | 179,076 | $57.9B | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Wells Fargo & Company Cash Balance Plan (Defined Benefit (Pension), $8.3B, 46,875 participants)
Wells Fargo & Company 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is Rtx Savings Plan in CT ($58.6B); by covered participants it is Kelly Retirement Savings Plan in MI (180,351 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($57.9B here).
- Rtx Savings Plan (CT) $58.6B · 124,876
- IBM 401(k) Plan (NY) $60.4B · 52,674
- JPMorgan Chase 401(k) Savings Plan (NJ) $52.9B · 185,532
- The Bank of America 401(k) Plan (NC) $62.9B · 168,963
Similar participant headcount
Nearest other-state filings by covered participants (179,076 participants); asset peers above are excluded.
- Kelly Retirement Savings Plan (MI) 180,351 · 1,275 off
- Insperity 401(k) Plan (TX) 177,779 · 1,297 off
- Allegis Group, Inc. Retirement Savings Plan Two (MD) 184,952 · 5,876 off
- Darden Savings Plan (FL) 189,323 · 10,247 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.