401(k) · DOL Form 5500 · 2024

Wells Fargo & Company 401(k) Plan

Data updated 2026-07-24

$57.9B
Total assets: 179,076
Participants: 100th
Percentile by assets: $323,254
Avg per participant

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.

100th percentile by assets (of 116,472 plans)

Coverage in Minnesota

Wells Fargo & Company 401(k) Plan covers 179,076 participants in Minnesota, 154x the typical Minnesota plan (state average ~1,161 per filing). Assets: $57.9B.

$57.9B
total plan assets (2024 EOY): 179,076
covered participants: 100th
percentile by assets (of 116,472 plans): $323,254
avg assets per participant

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.

See the national 2023→2024 release diff →

State

Minnesota

Industry

Management of Enterprises

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,161 participants across 2,725 plans. Wells Fargo & Company 401(k) Plan reports 179,076 participants - 154x that state average ($57.9B EOY assets).

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)

Total plan assets by year, all Wells Fargo & Company plans on file

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.

Wells Fargo & Company 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants

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

Compare Wells Fargo & Company 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Wells Fargo & Company 401(k) Plan by total assets, not by location.

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

Frequently Asked Questions

How did Wells Fargo & Company 401(k) Plan assets move in 2024? ▼

Wells Fargo & Company 401(k) Plan grew at a solid clip - up 11.7% during 2024, from $51.8B to $57.9B. Reported net income was $6.1B.

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 116,472 plans that reported assets for plan year 2024 (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 ($58.6B, 124,876 participants).

Next read for Wells Fargo & Company 401(k) Plan

Filing takeaways

Ways to act on Wells Fargo & Company 401(k) Plan's numbers.

By total assets, Wells Fargo & Company 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Minnesota. 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

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.