Company: WFC-PC
Filing Date: 2025-06-18
Form Type: 11-K
Source: 0000072971-25-000160
Chunk: 4

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-18
Form: 11-K
Chunk 4
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 age 50 or older can make catch‑up salary deferral contributions each year in accordance with limits set by the IRS. Catch‑up contributions are generally not eligible for employer matching contributions. Participants are fully vested in their salary deferral contributions.

Employer contributions consist of two components: matching contributions and base contributions. To be eligible to receive these contributions, a participant must be employed on December 15 of the plan year, with certain exceptions. Termination of employment on or after normal retirement age, disability, and death are the three exceptions to the December 15 employment rule to be eligible for employer match and base contributions.

<div align='center'>4 (Continued)</div>

#### WELLS FARGO & COMPANY 401(k) PLAN
<div align='center'>Notes to Financial Statements

December 31, 2024</div>

Matching contributions are equal to 100% of salary deferral contributions up to 6% of participant’s eligible certified compensation in the plan year and are paid at year-end. Matching contributions for eligible employees hired January 1, 2021 or after are subject to 3-year cliff vesting. Eligible employees hired prior to January 1, 2021 are 100% vested in their current and future matching contributions. New matching contributions received on or after January 1, 2024 are invested according to the participant’s investment elections on file on the date the matching contribution is made.

Base contributions are generally equal to 1% of an eligible participant’s certified compensation for the plan year. To be eligible to receive this contribution, a participant must have completed one year of service and the sum of the participant’s certified compensation and elective deferrals to the Wells Fargo & Company Deferred Compensation Plan for the plan year must be less than $75,000. Base contributions are subject to 3-year cliff vesting. Base 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, if an election is not on file.

Plan participants may also elect to roll over distributions from a former employer’s qualified retirement plan or a qualified Individual Retirement Account (IRA) to the Plan.

(d)

#### Participant Accounts
Each participant’s Plan account is credited with the participant’s salary deferral contributions, any rollover contributions, the Company’s matching contributions and base contributions which are subject to investment gains and losses. The benefit to which a participant is entitled is the benefit that can be provided from the participant