Company: WFC-PC
Filing Date: 2025-06-18
Form Type: 11-K
Source: 0000072971-25-000160
Chunk: 6

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-18
Form: 11-K
Chunk 6
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 balance was $0 for both years ended December 31, 2024 and 2023.

(f)

#### Notes Receivable from Participants
Two types of loans are available to participants under the Plan: general purpose and principal residence. General purpose loans may be obtained for periods of up to five years. Principal residence loans are available only to finance the purchase or construction of the participant’s principal residence and may not exceed 20 years. Participants may have two loans outstanding at any time, one of which may be a principal residence loan. The maximum amount of any loan, when added to the balance outstanding on all other loans to the participant, may not exceed the lesser of (1) $50,000 reduced by the excess (if any) of (A) the highest outstanding balance of loans from the Plan to the participant during the one-year period ending on the day before the date on which the loan is made, over (B) the outstanding balance of loans from the Plan to the participant on the date on which the loan is made, or (2) one-half of the value of the participant’s vested account balance on the date on which the loan is made. The minimum principal amount for any loan is $500. The loan interest rate is 2% above the prime rate published in the Wall Street Journal on the origination date of the loan.

Repayments on loans are generally made through biweekly payroll deductions and are allocated to the participant’s account and invested according to the participant’s investment elections. Upon termination of employment from Wells Fargo, participants may pay off their loan in full or elect to continue to make loan payments directly to the 401(k) Plan. As of December 31, 2024 and 2023, interest rates ranged from 3.25% to 11.50% and loans mature through December 31, 2044 and December 26, 2043, respectively.

(g)

#### Investment Options
Salary deferral contributions, base contributions, and matching contributions are invested in accordance with participants’ investment elections on file from their choice of the available investment options offered within the Plan, or the Plan’s qualified default investment alternative, which is the age-appropriate target date fund, if an election is not on file.

The Plan document requires that Company common stock be offered as an available investment option to participants through the Wells Fargo ESOP Fund. The Plan Sponsor’s Employee Benefit Review Committee (the “Committee”) has discretion under the Plan to select additional investment alternatives to be offered to participants. Under the