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401(k) RETIREMENT PLAN
Benefits Department • 800-562-6210, ext. 2495
Description
Eligibility
Auto Enrollment
Contribution Amounts
Company Match
Vesting
(the amount you are
entitled to keep)
Beneficiary
Investments
Retirement savings with a company match
All Team Members who:
- Are at least age 21 and have worked 750
hours in the first 6 months of employment;
- If not met, then must work 1,000 hours
within the first 12 months of employment;
- If not met, then must work 1,000 hours in a
calendar year.
You are automatically enrolled at a 2%
contribution 30 days after meeting eligibility.
After eligibility, you can change the percentage
deducted from your weekly paycheck up to
the IRS limit at wellsfargo.com.
The company gives you $0.60 on the dollar up
to the first 6% you contribute.
You are always fully vested in the funds you
contribute. For the company match, you are
vested based on years of service:*
• 0-2 years – 0%
• 3+ years – 100%
*A year of service is defined as a calendar year in which a
Team Member is credited with 1,000 hours worked.
Go online at wellsfargo.com to choose your
401(k) beneficiary.
You must choose a beneficiary for your 401(k)
even if you already have chosen a beneficiary
for Life and AD&D policies.
PFJ offers 22 investment options for the 401(k),
including Target Date Retirement funds, Mutual
Funds, and Stable Value funds.
Team Members who are automatically enrolled
will default into a Target Date Retirement Fund.
Investment elections can be changed at any
time.
Wells Fargo
800-728-3123
wellsfargo.com
401(k) Retirement Plan
I have invested in the 401(k)
for 17 years now. Knowing
that PFJ matches 60% up to
6% is awesome!! I look forward
to watching my 401(k) grow
knowing I will have money
when it comes time to retire.
I’m so thankful to have this
option.
Missy C.
/wellsfargo.com
/wellsfargo.com
/wellsfargo.com