Wells Fargo 401(k) Plan

Officially: WELLS FARGO & COMPANY 401(K) PLAN

The Wells Fargo & Company 401(k) Plan is a defined contribution plan serving approximately 167,176 active participants at the end of 2024 with total plan assets of $58.2 billion. The plan offers a diversified investment menu through State Street Global Advisors and other institutional investment providers, with employee deferrals and employer contributions. The plan is administered by Wells Fargo & Company and maintains a mix of collective investment trusts, mutual funds, stable value contracts, and participant loans.

Participants: 288,416 Plan assets: $57,886,997,456 Plan number: 002 Form 5500 plan year: 2024 Last verified: Jun 16, 2026 View Form 5500
Match
Not disclosed in the 2024 filing
Vesting
Not disclosed in the 2024 filing
Investment Options
53 funds
Plan Size
$57,886,997,456

By Zac Murphy, CFA charterholder and CFP professional. Published June 16, 2026. Verified against Form 5500 plan year 2024.

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Fund lineup

Fund Asset Class Type
Participant Loans Other Other
State Street Target Ret Income NL CL A Collective Investment Fund Target-date Other
State Street Target Ret 2020 NL CL A Collective Investment Fund Target-date Other
State Street Target Ret 2025 NL CL A Collective Investment Fund Target-date Other
State Street Target Ret 2030 NL CL A Collective Investment Fund Target-date Other
State Street Target Ret 2035 NL CL A Collective Investment Fund Target-date Other
State Street Target Ret 2040 NL CL A Collective Investment Fund Target-date Other
State Street Target Ret 2045 NL CL A Collective Investment Fund Target-date Other
State Street Target Ret 2050 NL CL A Collective Investment Fund Target-date Other
State Street Target Ret 2055 NL CL A Collective Investment Fund Target-date Other
State Street Target Ret 2060 NL CL A Collective Investment Fund Target-date Other
State Street Target Ret 2065 NL CL A Collective Investment Fund Target-date Other
State Street Emerging Markets Index A Collective Investment Fund Emerging Markets Index
State Street International Index M Collective Investment Fund International Equity Index
State Street Russell Sm Cap Index NL CL K Collective Investment Fund US Small Cap Index
State Street S&P Mid Cap Index NL CL M Collective Investment Fund US Mid Cap Index
State Street NASDAQ 100 Index NL CL M Collective Investment Fund US Large Cap Index
State Street S&P 500 Index K NL Collective Investment Fund US Large Cap Index
State Street U.S. Bond Index NL M Collective Investment Fund US Bonds Index
BlackRock MSCI ACWI ESG Focus Index F Collective Investment Fund Balanced/Allocation Index
BlackRock Liquidity Treasury Instl Mutual Fund Money Market Active
MFS Large Cap Value CL 5 Collective Investment Fund US Large Cap Active
T Rowe Price Equity Income TR F Collective Investment Fund US Large Cap Active
Dodge & Cox Stock Class X Mutual Fund US Large Cap Active
T Rowe Price Blue Chip Growth Trust T7 Collective Investment Fund US Large Cap Active
SEI Investments Focus Growth CIT Collective Investment Fund US Large Cap Active
Brown Advisory Sustainable Growth Collective Investment Fund US Large Cap Active
LACM US Large Cap Growth Equit Collective Investment Fund US Large Cap Active
Prudential Large Cap Growth Collective Investment Fund US Large Cap Active
State Street Russell Sm Cap Index NL CL K Common Collective Fund US Small Cap Index
William Blair Small Cap Growth CIF II CL 1 Common Collective Fund US Small Cap Active
Westfield Small Cap Growth Equity Common Collective Fund US Small Cap Active
WTC Small Cap Value Common Collective Fund US Small Cap Active
Peregrine Small Cap Value Common Collective Fund US Small Cap Active
Causeway International Value Equity F Common Collective Fund International Equity Active
Sprucegrove International F Common Collective Fund International Equity Active
American EuroPacific Growth R6 Mutual Fund International Equity Active
Acadian Emerging Markets Equity Fund Common Collective Fund Emerging Markets Active
Lazard Emerging Markets Equity C Common Collective Fund Emerging Markets Active
Baillie Gifford Emerging Markets EQS K Mutual Fund Emerging Markets Active
DFA Emerging Markets Small Cap Mutual Fund Emerging Markets Active
Principal Diversified Real Asset III Common Collective Fund Real Estate Active
State Street Real Assets NL A Common Collective Fund Real Estate Active
BrandywineGLOBAL Global Opportunities Mutual Fund International Bonds Active
PIMCO Global Advantage Strategy BD Mutual Fund US Bonds Active
Federated Hermes Total Return Bond IS Mutual Fund US Bonds Active
BlackRock Liquidity Treasury Inst Mutual Fund Money Market Active
Wells Fargo & Company common stock Company Stock Other
Galliard SA Intermediate Core Fund C Stable Value Other
Galliard SA Intermediate Core Fund E Stable Value Other
Galliard SA Intermediate Core Fund J Stable Value Other
Galliard SA Intermediate Core Fund Q Stable Value Other
Wells Fargo Stable Value Fund - Security-backed contracts Stable Value Other

Why our allocations use only index funds

The actively managed funds in this plan cost more per year than the plan's index funds, which run roughly 0.02% to 0.06%. Decades of research on long-term active fund performance do not support reliable outperformance net of fees, which is why the allocation ideas below may consider using only the low-cost index options.

Employer match

Match summary
Not disclosed in the 2024 filing
Match cap --
Effective match rate --
Vesting Not disclosed in the 2024 filing
Waiting period Not disclosed in the 2024 filing

Sources

  • Plan metadata (employer, participants, assets, plan year): Form 5500 annual return/report, plan year 2024 -- view filing
  • Summary Plan Description (SPD) and fee disclosure (404a-5), where available from the plan administrator.

This page is for educational purposes only and does not constitute investment, tax, or legal advice, nor a recommendation to buy or sell any security. Information is drawn from public Form 5500 filings and plan documents and may be incomplete or out of date. You may consider consulting a qualified professional and confirming all details with your plan administrator before making decisions. Waterfall Planning is not affiliated with Wells Fargo.

Find your risk profile

Answer 13 questions to see which allocation fits your situation.

Question 1 of 13

Risk assessment methodology based on Grable, J. E., & Lytton, R. H. (1999). Financial risk tolerance revisited: The development of a risk assessment instrument. Financial Services Review, 8, 163-181.

Allocation ideas

Five sample mixes built from this plan's funds, from conservative to growth. Take the assessment above to see which one fits your risk profile.

Recommended for you (based on your risk profile)
Conservative
Conservative

Capital preservation with minimal market exposure, built from bonds and stable value.

US equity   International   Bonds   Stable value
State Street U.S. Bond Index NL M Collective Investment Fund 70%
BlackRock Liquidity Treasury Instl Mutual Fund 30%
0% stocks / 100% bonds
Recommended for you (based on your risk profile)
Income & A Little Growth
Income & A Little Growth

Mostly bonds with a small stock sleeve for modest growth.

US equity   International   Bonds   Stable value
State Street U.S. Bond Index NL M Collective Investment Fund 49%
BlackRock Liquidity Treasury Instl Mutual Fund 21%
State Street NASDAQ 100 Index NL CL M Collective Investment Fund 19%
State Street Emerging Markets Index A Collective Investment Fund 8%
State Street Russell Sm Cap Index NL CL K Collective Investment Fund 3%
30% stocks / 70% bonds
Recommended for you (based on your risk profile)
Balanced
Balanced

A classic 60/40 split of stocks and bonds.

US equity   International   Bonds   Stable value
State Street NASDAQ 100 Index NL CL M Collective Investment Fund 39%
State Street U.S. Bond Index NL M Collective Investment Fund 28%
State Street Emerging Markets Index A Collective Investment Fund 15%
BlackRock Liquidity Treasury Instl Mutual Fund 12%
State Street Russell Sm Cap Index NL CL K Collective Investment Fund 6%
60% stocks / 40% bonds
Recommended for you (based on your risk profile)
Growth & Income
Growth & Income

Stock-heavy with a bond cushion for a long horizon.

US equity   International   Bonds   Stable value
State Street NASDAQ 100 Index NL CL M Collective Investment Fund 52%
State Street Emerging Markets Index A Collective Investment Fund 20%
State Street U.S. Bond Index NL M Collective Investment Fund 14%
State Street Russell Sm Cap Index NL CL K Collective Investment Fund 8%
BlackRock Liquidity Treasury Instl Mutual Fund 6%
80% stocks / 20% bonds
Recommended for you (based on your risk profile)
Growth
Growth

All stocks for maximum long-term growth potential, with higher short-term volatility.

US equity   International   Bonds   Stable value
State Street NASDAQ 100 Index NL CL M Collective Investment Fund 65%
State Street Emerging Markets Index A Collective Investment Fund 25%
State Street Russell Sm Cap Index NL CL K Collective Investment Fund 10%
100% stocks / 0% bonds
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These allocation ideas are educational illustrations built from this plan's available funds and a standard risk-tolerance assessment. They are not personalized investment advice or a recommendation, and risk tolerance is only one factor in an investment decision. You may consider consulting a qualified professional before making changes to your account.