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Understanding Risk Tolerance: A Guide for Wells Fargo Employees Navigating Retirement Changes

Healthcare Provider Update: Healthcare Provider for Wells Fargo Wells Fargo partners with UnitedHealthcare as its primary healthcare provider, offering plans that cater to both employees and their families. This partnership includes a range of health insurance options, providing coverage for medical, dental, and vision expenses, while also supporting wellness programs designed to enhance employees' overall health. Potential Healthcare Cost Increases in 2026 In 2026, health insurance premiums in the Affordable Care Act (ACA) marketplace are expected to surge dramatically, with some states experiencing increases exceeding 60%. This anticipated spike is driven by several factors, including rising medical costs, potential expiration of enhanced federal subsidies, and aggressive rate hikes from major insurers. For Wells Fargo employees relying on these plans, the average out-of-pocket premium could rise by over 75% if these subsidies are not extended, compounding the financial pressure on many families during this tumultuous period., 'sources': [], 'images': [] Click here to learn more

The world of investing is very subjective--the investment plan that’s right for you depends largely upon the level of comfort that you have when it comes to risk. We'd like our clients from Wells Fargo to remember that you can’t completely avoid risk when it comes to investing, but it's possible for you to manage it.

There are two aspects of risk tolerance for Wells Fargo employees to consider: (1) the capacity of your investment plan itself to absorb losses, and (2) how comfortable you are personally with risk. The first aspect can be quantified--the more flexibility your investment plan has when it comes to potential loss, the more risk your plan can tolerate. For example, as we’ve discussed, a long investment time horizon may allow you to take on more risk than a short time horizon.

'You can’t completely avoid risk when it comes to investing, but it is possible for you to manage it..'

The second aspect, how comfortable you are personally with risk, is more of an emotional measure, and depends on many factors, including your objectives, life stage, personality, and investment experience. Some investors are comfortable with a high degree of risk, while others can tolerate only minimal risk. Individual risk tolerance is an important factor for Wells Fargo employees in deciding which individual investments are appropriate for them, as well as how their investment dollars should be allocated among different investment classes.

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Investors are typically grouped into three categories for purposes of discussing risk tolerance: aggressive (those who have a high degree of risk tolerance); moderate (those willing to accept some degree of risk), and conservative (those who are risk averse).

What is the Wells Fargo 401(k) plan?

The Wells Fargo 401(k) plan is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out, helping them build a nest egg for retirement.

How can I enroll in the Wells Fargo 401(k) plan?

Employees can enroll in the Wells Fargo 401(k) plan through the company’s benefits portal during the enrollment period or after they become eligible.

What are the contribution limits for the Wells Fargo 401(k) plan?

For the Wells Fargo 401(k) plan, the contribution limits are set by the IRS and may change annually. Employees should check the latest IRS guidelines for the current limits.

Does Wells Fargo offer a company match for the 401(k) plan?

Yes, Wells Fargo offers a company match for contributions made to the 401(k) plan, which helps employees maximize their retirement savings.

When can I start withdrawing from my Wells Fargo 401(k) plan?

Employees can typically start withdrawing from their Wells Fargo 401(k) plan without penalties at age 59½, but specific rules may apply based on the plan provisions.

Can I take a loan against my Wells Fargo 401(k) plan?

Yes, Wells Fargo allows participants to take loans against their 401(k) balance, subject to certain terms and conditions outlined in the plan.

What investment options are available in the Wells Fargo 401(k) plan?

The Wells Fargo 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to help employees diversify their portfolios.

How often can I change my contributions to the Wells Fargo 401(k) plan?

Employees can change their contribution amounts to the Wells Fargo 401(k) plan at any time, subject to the plan's guidelines and payroll processing timelines.

What happens to my Wells Fargo 401(k) if I leave the company?

If you leave Wells Fargo, you have several options for your 401(k), including leaving the funds in the plan, rolling them over to a new employer’s plan, or transferring them to an IRA.

Is there a vesting schedule for the Wells Fargo 401(k) company match?

Yes, Wells Fargo has a vesting schedule for the company match, meaning that employees must work for a certain period before they fully own the matched contributions.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Wells Fargo offers both a traditional defined benefit pension plan and a defined contribution 401(k) plan. The defined benefit plan provides retirement income based on years of service and final average pay. The 401(k) plan features company matching contributions and various investment options, including target-date funds and mutual funds. Wells Fargo provides financial education and planning resources to help employees manage their retirement savings.

Wells Fargo grants RSUs that vest over time, providing shares to employees upon vesting. The company also offers stock options, allowing employees to buy shares at a set price.