Company: WFC-PC
Filing Date: 2025-06-18
Form Type: 11-K
Source: 0000072971-25-000160
Chunk: 16

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-18
Form: 11-K
Chunk 16
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2.0, and (ii)

<div align='center'>12 (Continued)</div>

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

December 31, 2024</div>

update the automatic rollover provisions of the Plan to an IRA to include account balances of $1,000 or less, which were previously distributed as a cash lump sum.

Effective February 1, 2025, the Plan was revised to update the distribution options related to the portions of participant account balances under the Plan that are subject to the qualified joint and survivor requirements. This involved adding certain new sub-accounts and updated distribution options for these amounts.

(13)

### Reconciliation of Financial Statements to the Form 5500
The following is a reconciliation of net assets available for benefits per the financial statements at December 31, 2024 and 2023 to net assets per the Form 5500:

|                                                                |     |   |           2024 |     |     |           2023 |
|:---------------------------------------------------------------|:----|:--|---------------:|:----|:----|---------------:|
| Net assets available for benefits per the financial statements |     | $ | 58,177,827,369 |     |     | 52,144,604,411 |
| Adjustment from contract value to fair value for fully         
 benefit responsive investment contracts                        |     |   |   -209,120,157 |     |     |   -236,105,644 |
| Deemed loan distributions                                      |     |   |    -81,709,756 |     |     |    -77,148,416 |
| Net assets per the Form 5500                                   |     | $ | 57,886,997,456 |     |     | 51,831,350,351 |

The following is a reconciliation of increases in net assets available for benefits per the financial statements for the year ended December 31, 2024, to the net income per the Form 5500:

| Increase in net assets available for benefits per the financial statements   |     | $ | 6,033,222,958 |
| Change in the adjustment from contract value to fair value for fully benefit 
 responsive investment contracts at December 31, 2024                         |     |   |    26,985,487 |
| Change in deemed loan distributions                                          |     |   |    -4,561