A Look at Wells Fargo's Benefits Package

Wells Fargo offers generous benefits to team members. They hold $1.8 trillion in assets, are based in San Francisco and have about 265,000 associates.

As large and well known as this company is,  Wells Fargo’s Benefit Package is a highly sought after topic for financial professionals in America.

They pride themselves as being a company where each person is valued for their individual talents and skills as well as offering them an avenue to fulfill their personal ambitions.

Going by this, it’s expected that their benefits package is exceptional. Here’s a look at Wells Fargo’s benefits package:

Wells Fargo’s Benefits Package

[1] –  401 (K) Plan:

To help you save for retirement, Wells Fargo provides 401(k) plan to all its members. The company matches one’s contributions dollar for dollar up to 6% of one’s eligible pay on quarterly basis after a year of service. And, occasionally, it makes a profit sharing contribution to one’s 401(k) plan account.

[2] – Health & Well Being:

This benefits plan is geared towards supporting members while going through their health and well-being journey. While proper tools and resources are offered to these members, those in need of alternative health care receive proper support.

[3] – Time Off:

You also get to enjoy paid time off (PTO) thereby enabling you to set and achieve personal goals outside the office. Eligibility for PTO requires being a regular or part-time team member receiving a salary or hourly rate.

Below are the thresholds for increased PTO:

[4] – Adoption Reimbursement:

Team members who have been employed for over six months get an up to $5,000 adoption reimbursement per child to cater for specified adoption related expenses.

[5] – Commuter Benefits:

These benefits allow one to pay their commuting expenses using before-tax dollars thus, enabling them save money. This is irrespective of whether one takes public transport or drives to work.

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[6] – Health Plan:

A comprehensive medical plan encompassing preventive care services (at 100%), mental health, substance abuse and prescription drugs is offered to the Wells Fargo employees.

[7] – Tuition Reimbursement:

After six months of employment, team members furthering their education get up to $5,000 annual tuition reimbursement. Part-time members can receive $2,500 in reimbursement for career development courses.

[8] – Scholarships:

Several scholarships are offered to dependent children of Wells Fargo employees. These scholarships are offered on annual basis and range from $1,000 to $3,000.

[9] – Discounts and Savings:

Members also get to enjoy special discounts on company financial products and services – similar to those offered to their best customers.

In case you’re wondering, Wells Fargo’s benefits package is offered to both part-time and regular employees with the intention of protecting their emotional and physical health but most importantly, enabling them make the best of their financial future.

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