Wells Fargo & Company
Updated Filing received by DOL a plan year 2025 filing was received September 24, 2026 for 5 of this employer's 7 plans; this record moves to 2025 when all have arrived
Wells Fargo & Company, a management of companies employer in Minneapolis, Minnesota, reported 185,611 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows $3.8M in insurance premiums across 20 contracts and no broker compensation, 0.0% of medical premium against a national median of 3.8% among plans that paid commissions in plan year 2024. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on September 10, 2025, within the extension window.
Insurance contracts and carriers
Every insurance contract reported on Schedule A: carrier, what it covers, people covered at year end, earned premium, and broker compensation.
Source: DOL Form 5500 Schedule A, plan year 2024. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Wells Fargo & Company compares
Medians across employers for plan year 2024, the most recent complete year. Commission rates use fully insured medical contracts only; dollar medians use every employer that disclosed broker pay.
Premium per covered person on medical contracts: $2,129 a year (national median $7,274).
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 196,109 | 185,611 | −5.4% |
| Premiums filed | $5,299,080 | $3,753,239 | −29.2% |
| Broker commissions + fees | $0 | $0 | — |
| Commission rate | 0.0% | 0.0% | +0.0 pts |
Source: DOL Form 5500 filings for plan years 2023 and 2024.
Filings and timeliness
Plans this employer filed under its EIN with a health benefit code. Large plans are due seven months after the plan year ends, or two and a half months later with an extension; amended filings carry the amendment date, so no timing is asserted for them.
| Plan | Plan year end | Received by DOL | Timing | Participants |
|---|---|---|---|---|
| Wells Fargo & Company Critical Illness Insurance Plan#547 · insurance | December 31, 2024 | September 10, 2025 | within extension | 185,611 |
| Wells Fargo & Co Health Plan (for Eligible Active Employees & Their Dependents)#537 · insurance, general assets, trust | December 31, 2024 | September 18, 2025 | within extension | 167,063 |
| Wells Fargo & Company Optional Accident Insurance Plan#548 · insurance | December 31, 2024 | September 10, 2025 | within extension | 70,013 |
| Wells Fargo & Company Retiree Plan#504 · insurance, general assets, trust | December 31, 2024 | September 18, 2025 | within extension | 18,855 |
| Wells Fargo Texas Injury Benefit Plan#522 · general assets | December 31, 2024 | July 10, 2025 | before deadline | 16,059 |
| Wells Fargo & Company Global Business Travel and Accident Plan#545 · insurance | December 31, 2024 | September 10, 2025 | within extension | 1,020 |
| Island Finance Medical and Dental Plan#542 · insurance | December 31, 2024 | September 10, 2025 | within extension | 109 |
Source: DOL Form 5500 Part I and signature dates; "late" means received after the extended deadline (the 15th day of the tenth month after plan year end). What a late Form 5500 costs.
How much did Wells Fargo & Company pay in health insurance broker commissions in 2024?
Wells Fargo & Company's 2024 Form 5500 reports no broker commissions or fees on Schedule A. Self-funded plans often pay consultants directly, which the public filing does not always capture.
Is Wells Fargo & Company's health plan self-funded or fully insured?
The 2024 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by Mapfre Life Insurance Company, MMM Healthcare, LLC, Metropolitan Life Insurance Company.
How does Wells Fargo & Company's broker compensation compare with similar employers?
Wells Fargo & Company paid 0.0% of medical premium in commissions and fees. The median for employers with 5,000+ participants is 4.8%, and the median in Minnesota is 5.0%. Percentages are computed only on fully insured medical contracts with filed premiums.
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Record built October 24, 2026 from U.S. Department of Labor, EBSA Form 5500 datasets (2025, 2024, 2023 plan years, 'Latest' files). Filings can run 7 to 10 months behind the plan year; always confirm against current plan documents. BenefitsLedger is not affiliated with the U.S. Department of Labor. Open the DOL filing search.