Wells Fargo offers a comprehensive array of defined benefit services to help strengthen your retirement plan. We can help reduce your administrative burden, provide fiduciary support to safeguard your plan, and increase employee awareness of the benefits you provide.
We work with you to design a strategy to meet your needs and drive your plan's success.
Our services include:
- Pension plan administration, trustee, and recordkeeping services
- Actuarial and consulting expertise through our affiliate, BPS&M
- Fast and secure online access to retirement plan information for both plan sponsors and participants
- Benefit calculations and modeling
- Comprehensive pension investment strategies
- Participant communications, including easy-to-understand benefit statements
For employers who sponsor both a defined benefit and a defined contribution plan, Wells Fargo's integrated service approach offers convenience and efficiency:
- One relationship manager coordinates service delivery and is a single point of contact
- Combined benefit statements give participants a consolidated summary of their defined benefit and defined contribution plan benefits to help them track their progress toward retirement
- Online access for both plan sponsors and participants to defined benefit and defined contribution information
- Plan sponsors can access plan information, initiate participant data changes, and use tools to evaluate participant behavior and identify communication needs.
- Participants in a defined benefit plan can view their account balances and statements, retrieve plan information, request a benefit estimate, and more. For defined contribution plans, participants can view account balance and statements, change their contribution rate and investments, track fund performance, and retrieve plan information. Participants also have access to plan enrollment, retirement planning calculators, investment education, and more.
To speak with a Wells Fargo Institutional Retirement and Trust representative, please call 1-800-690-9721, or contact us.
Recordkeeping, trustee, and/or custody services are provided by Wells Fargo Institutional Retirement and Trust, a business unit of Wells Fargo Bank, N.A. This information and any information provided by employees and representatives of Wells Fargo Bank, N.A. is for educational purposes only and does not constitute investment, financial, tax, or legal advice. Please contact your investment, financial, tax, or legal advisor regarding your specific needs and situation.