Wells Fargo Wins Nine Awards from Profit Sharing/401(k) Council of America
MINNEAPOLIS, MN — September 24, 2009
Wells Fargo & Company’s (NYSE: WFC) Institutional Retirement and Trust business has won seven signature awards and two honorable mentions for its retirement plan communication and education from the Profit Sharing/401(k) Council of America (PSCA). Wells Fargo was the top winner in this annual awards competition. The awards were announced September 22 at the PSCA 62nd annual conference in Scottsdale, Arizona.
“These awards confirm that we are a leader in helping to prepare participants for a financially secure retirement,” said Laurie Nordquist, Director of Wells Fargo Institutional Retirement and Trust. “Now, more than ever, it is critical that employees understand and get involved in decisions about their retirement benefits—and we’re creating education and communication programs that help them do just that. “
According to Elli Dai, Director of Participant Services at Wells Fargo Institutional Retirement and Trust, “our multi-faceted approach provides a wide range of solutions for participants at every stage of their lives—from the working years through retirement. This not only means the use of a variety of media—such as podcasts, online video, direct mail and Web—but also messages that are tailored to specific demographic groups as well as individual participants. “
Wells Fargo won two awards and an honorable mention for communications developed for specific clients; it also won an award for a target date fund campaign available to all clients. Wachovia, which is now a Wells Fargo Company, won three awards for communications developed for specific clients; it also won an award for comprehensive communication campaigns available to all clients and an honorable mention for a market volatility survival kit available to all clients.
Established in 1947, PSCA is a national, non-profit association of 1,200 companies and their 6 million plan participants. Members range in size from Fortune 100 firms to small, entrepreneurial businesses.
About Wells Fargo
Wells Fargo & Company is a diversified financial services company with $1.3 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,400 stores, over 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally.
About Wells Fargo Institutional Retirement and Trust
Wells Fargo Institutional Retirement and Trust is a national leader in providing total retirement management, investments and trust and custody solutions tailored to meet the needs of institutional clients. Wells Fargo ranks seventh in the number of plan participants and assets in the 2009 PLANSPONSOR Magazine Recordkeeping survey, with 3.7 million plan participants, $194.1 billion in retirement plan assets and $280.8 billion in custody assets.