Company: WFC-PC
Filing Date: 2025-06-18
Form Type: 11-K
Source: 0000072971-25-000160
Chunk: 12

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-18
Form: 11-K
Chunk 12
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 holds Wells Fargo common stock that are valued at quoted market prices and a percentage of money market funds that are valued at fair value as described above. The money market funds are used to provide daily liquidity for the fund.

The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

The following tables sets forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2024 and 2023, respectively:

|                             |     | December 31, 2024 |                |     |         |                |     |         |   |     |       |                |
|:----------------------------|:----|:------------------|---------------:|:----|:--------|---------------:|:----|:--------|:--|:----|:------|---------------:|
|                             |     | Level 1           |                |     | Level 2 |                |     | Level 3 |   |     | Total |                |
| Collective investment funds |     | $                 |              — |     |         | 30,014,008,564 |     |         | — |     |       | 30,014,008,564 |
| Mutual funds                |     |                   |  1,578,497,672 |     |         |              — |     |         | — |     |       |  1,578,497,672 |
| Multi-manager funds:        |     |                   |                |     |         |                |     |         |   |     |       |                |
| Collective investment funds |     |                   |              — |     |         |  9,175,446,613 |     |         | — |     |       |  9,175,446,613 |
| Mutual funds                |     |                   |  2,341,987,965 |     |         |              — |     |         | — |     |       |  2,341,987,965 |
| Total multi-manager funds   |     |                   |  2,341,987,965 |     |         |  9,175,446,613 |