Defined Benefit (Pension) · DOL Form 5500 · 2024
Wells Fargo & Company Pension Plan
Data updated 2026-07-24
- $8.3B
- Total assets
- 46,875
- Participants
- 100th
- Percentile by assets
- $176,614
- Avg per participant
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.
- 100th percentile by assets (of 116,472 plans)
Coverage in Minnesota
Wells Fargo & Company Cash Balance Plan covers 46,875 participants in Minnesota, 40x the typical Minnesota plan (state average ~1,161 per filing). Assets: $8.3B.
- $8.3B
- total plan assets (2024 EOY)
- 46,875
- covered participants
- 100th
- percentile by assets (of 116,472 plans)
- $176,614
- avg assets per participant
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.
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.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,161 participants across 2,725 plans. Wells Fargo & Company Cash Balance Plan reports 46,875 participants - 40x that state average ($8.3B EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $8.8B |
|---|---|
| Net Assets (End of Year) | $8.2B |
| Net Income | -$513M |
| Employer EIN | 410449260 |
| Plan Effective Date | 1949-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Wells Fargo & Company)
| 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
- Mayo Pension Plan $11.8B · 71,743
- 3M Employee Retirement Income Plan $8.9B · 9,132
- U.S. Bank Pension Plan $4.4B · 62,822
- The Travelers Pension Plan $4.2B · 27,237
- General Mills Pension Plan I $3.7B · 2,007
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Wells Fargo & Company Cash Balance Plan by total assets, not by location.
- Dominion Energy Pension Plan (VA) $8.3B · 11,758
- Retirement Plan of International Paper Company (TN) $8.2B · 20,795
- Kaiser Permanente Retirement Plan for Scpmg (CA) $8.4B · 50,341
- Ng Space&mission Systems Corp Salaried Pension Pla (VA) $8.4B · 6,737
Frequently Asked Questions
How did Wells Fargo & Company Cash Balance Plan assets move in 2024? ▼
How have Wells Fargo & Company plan assets changed over time? ▼
Where does Wells Fargo & Company Cash Balance Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Wells Fargo & Company Cash Balance Plan? ▼
Next read for Wells Fargo & Company Cash Balance Plan
Filing takeaways
Ways to act on Wells Fargo & Company Cash Balance Plan's numbers.
- By total assets, Wells Fargo & Company Cash Balance Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) 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.