Defined Benefit (Pension) · DOL Form 5500 · 2024

Wells Fargo & Company Pension Plan

Data updated 2026-08-25

$8.3B
Total assets Very large vs avg
46,875
Participants Very large workforce
100th
Percentile by assets National rank
$176,614
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Wells Fargo & Company Cash Balance Plan · Sponsored by Wells Fargo & Company · Minnesota · Management of Enterprises

$8.3B in assets, 46,875 participants

Wells Fargo & Company's Wells Fargo & Company Cash Balance Plan reported $8.3B in total assets and 46,875 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.

  • #1,127 in Management of Enterprises (1,133 peers)

Coverage in Minnesota

Wells Fargo & Company Cash Balance Plan covers 46,875 participants in Minnesota, 42x the typical Minnesota plan (state average ~1,126 per filing). Assets: $8.3B.

#1,127
in Management of Enterprises (1,133 peers)
-5.8%
assets change YoY
83×
vs typical plan assets (national mean)

The plan reported a net loss of $513M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

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 2024 · DOL Form 5500

$8,278,776,602 Highest reported value at or above every one of 123,620 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 2024

Wells Fargo & Company Cash Balance 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 Cash Balance Plan is a mega filing (46,875 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Wells Fargo & Company Cash Balance Plan reported net income fell from $27M in the plan year 2023 filing to -$513M in the plan year 2024 filing.
  • Wells Fargo & Company Cash Balance Plan reported participants fell from 53,528 in the plan year 2023 filing to 46,875 in the plan year 2024 filing.
  • Wells Fargo & Company Cash Balance Plan end-of-year assets fell from $8.8B in the plan year 2023 filing to $8.3B in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 410449260 · Wells Fargo & Company PY 2024 · Defined Benefit (Pension)

Wells Fargo & Company Cash Balance Plan · $8.3B · 46,875 · 100th

  • PART $8.3B
  • PART 46,875
  • PART 100th
  • PART Defined Benefit (Pension)
  • PART near Dominion Energy Pension Plan
  • PART ind #1127

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 Cash Balance Plan in the asset neighbourhood

Kaiser Permanente Retirement Plan for ScpmgKaiser Permanente Retirement…$8.4BDominion Energy Pension Plan$8.3BWells Fargo & Company Cash Balance PlanWells Fargo & Company Cash B…$8.3BRetirement Plan of International Paper CompanyRetirement Plan of Internati…$8.2BUnited Food & Commercial Workers Intl Union - Industry Pension FundUnited Food & Commercial Wor…$8.2B
End-of-year total assets ($B) among Wells Fargo & Company Cash Balance Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$8.8B
Net Assets (End of Year)$8.2B
Net Income-$513M
Employer EIN410449260
Plan Effective Date1949-01-01
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 Defined Benefit (Pension) Plans in Minnesota

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 Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 2468101214 Total assets ($B) Participants Wells Fargo & Company Cash Balance Plan, Total assets ($B): 8.278776602 · Participants: 46875Wells Fargo & Company Cash Balance PlanMayo Pension Plan, Total assets ($B): 11.816211651 · Participants: 71743Mayo Pension Plan3M Employee Retirement Income Plan, Total assets ($B): 8.87866493 · Participants: 91323M Employee Retirement Income PlanU.S. Bank Pension Plan, Total assets ($B): 4.38225088 · Participants: 62822U.S. Bank Pension PlanThe Travelers Pension Plan, Total assets ($B): 4.23694343 · Participants: 27237The Travelers Pension PlanGeneral Mills Pension Plan I, Total assets ($B): 3.7072478 · Participants: 2007General Mills Pension Plan I
Wells Fargo & Company Cash Balance Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare Wells Fargo & Company Cash Balance Plan side-by-side with 3 peers →

Scale composition for Wells Fargo & Company Cash Balance Plan

Wells Fargo & Company Cash Balance Plan reports $8.3B in end-of-year assets across 46,875 participants (0.067% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.050% of 93,925,755 covered participants) - about $176,614 per participant (1.3x the national average assets-per-participant) . Net income for plan year 2024 was -$513M.

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 Open filing
2024 · index core 46,875 $8.3B This page

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Wells Fargo & Company Cash Balance Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Dominion Energy Pension Plan in VA ($8.3B); by covered participants it is Steelworkers Pension Trust in PA (46,110 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($8.3B here).

Similar participant headcount

Nearest other-state filings by covered participants (46,875 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Wells Fargo & Company Cash Balance Plan assets move in 2024? ▼
Wells Fargo & Company Cash Balance Plan pulled back noticeably - down 5.8% during 2024, from $8.8B to $8.3B. Reported net income was -$513M.
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 Cash Balance Plan rank by assets among Form 5500 filers? ▼
Wells Fargo & Company Cash Balance Plan ranks in the 100th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Wells Fargo & Company Cash Balance Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Dominion Energy Pension Plan in VA ($8.3B, 11,758 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Wells Fargo & Company Cash Balance Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Steelworkers Pension Trust in PA (46,110 participants, $7.2B in assets).

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.