The IRS limits the total amount you can contribute each year to a 401(k) plan. Limit is $23,000 for 2024.
For those over 50 years old, you can make additional “catch-up” contributions to your 401(k) plan. Limit is $7,500 for 2024.
Wells Fargo employees invested in the following funds based on public filings as of 12/31/2021.
| Investment | Value ($ millions) | % |
| Wells Fargo – ESOP Fund | $ 10,304 | 19% |
| State Street S&P 500 Index | $ 6,656 | 12% |
| Wells Fargo Stable Value Fund | $ 4,969 | 9% |
| State Street NASDAQ 100 Index | $ 4,425 | 8% |
| Large Cap Growth Fund | $ 4,271 | 8% |
| Large Cap Value Fund | $ 3,473 | 6% |
| State Street S&P Mid Cap Index | $ 2,628 | 5% |
| Small Cap Fund | $ 2,010 | 4% |
| State Street U.S. Bond Index | $ 1,731 | 3% |
| International Equity Fund | $ 1,622 | 3% |
| All other | $ 13,587 | 24% |
| Total Assets (excluding participant loans) | $ 55,676 | 100% |
| Source: Form 5500 filed Oct. 7, 2022 |
