Nonqualified Retirement Plans

Wells Fargo & Company closed on the sale of our Institutional Retirement & Trust business to Principal Financial Group effective July 1, 2019.  There will be no immediate impacts to clients or plan participants and all plans and accounts will remain with Wells Fargo Institutional Retirement & Trust at this time. Customers will continue to access account information through this site and Wells Fargo Institutional Retirement & Trust relationship managers will continue to service all relationships. Clients will be contacted directly with additional details of the integration period.

Wells Fargo offers nonqualified plan services to help you reward and retain your key employees. We offer a broad array of nonqualified arrangements that allow your employees to defer taxes on investments—and help you strengthen ties between your employees and your company. Our products and services include:

Professional plan design and consulting

Our benefits consulting professionals can assist you in designing a plan that helps meet your needs by defining key parameters such as participant eligibility, eligible compensation, plan contributions, benefit payout events, earnings crediting alternatives, and benefits protection strategies such as Rabbi trusts.

Comprehensive administrative and trustee services

Nonqualified plans require extensive administrative and fiduciary support. Our administrative services include daily fund valuation, quarterly participant statements, plan sponsor reports, and access to information online or by phone. As trustee, we provide trust administration, fiduciary support, trust tax reporting, and benefit distributions.

Flexible financing options

We offer a wide selection of financing alternatives for your nonqualified plan. We have also established relationships with leading life insurance carriers to offer corporate-owned life insurance, an attractive plan financing approach. And we provide thorough financing analysis, including asset/liability, cash flow, and earnings projections, to help you determine the best financing structure for your needs.

Engagement-driven communications

We believe the key to a successful nonqualified program is effective participant communications. Our participant education and communications programs are designed to increase engagement. Our communications professionals can craft materials about your nonqualified plan specifically for an executive audience.