13
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).
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