The Court granted Final Approval of the Settlement on August 31, 2022, and the Settlement is now final.
Settlement distributions are expected to occur by December 2022.

Wells Fargo ERISA Settlement

Becker, et al. v. Wells Fargo & Company, et al.
Case No. 0:20-cv-02016
United States District Court for the District of Minnesota

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Submit Your Former Participant Rollover Form

Click Here to Submit Your Former Participant Rollover Form

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Frequently Asked Questions

Learn How This Settlement Affects Your Rights and Get Answers to Your Questions About the Settlement

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Important Dates

Important Settlement Dates That Will Affect Your Rights

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Court Documents

Welcome to the Wells Fargo ERISA Fee Settlement Home Page.

A settlement of has been proposed to resolve claims by Former and Current Participants in the Wells Fargo & Company 401(k) Plan (the “Plan”) who invested in certain Plan investments (“Challenged Funds”) since March 13, 2014 through the date on which the Settlement becomes Final.

The Settlement resolves a lawsuit over whether those responsible for selecting and monitoring the Challenged Funds complied with their fiduciary duties under the Employee Retirement Income Security Act of 1974 (“ERISA”).

The Court in charge of this case still has to decide whether to approve the Settlement. Payments will be made only if the Court approves the Settlement and after any appeals are resolved. If the Court does not approve the Settlement, you will not receive a payment. Please be patient.

This website is provided as a service to eligible settlement participants. The information provided is in summary form and is not intended as a complete explanation of your rights. For full and complete information, you are directed to review carefully the Class Notice.

You May: Effect of Choosing the Option:
Do Nothing
If your 401(k) Plan account was invested in the Challenged Funds any time since March 13, 2014, you may be eligible to receive a payment from the Settlement.
Object Write to the Court about what you like or do not like about the Settlement.
Attend a Hearing Ask to speak in Court about the fairness of the Settlement.

Important Dates

Objection Deadline: July 21, 2022
Rollover Form Submission Deadline (for Former Participants only): July 21, 2022
Final Approval Hearing: August 10, 2022