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Retirementtimeline1 Get ready2 Income3 Health care4 Security5 EnjoyResourcesand supportYou may be eligible for.If you meet these eligibility requirements.Wells Fargo & Company Long-Term Incentive Compensation Plan (LTICP):If you have RSR award(s) granted during the annual Focal Review process,generally following each vesting date while the award is in place, shares ofWells Fargo & Company common stock will be issued in your name (net ofrequired tax withholdings) approximately three business days after thevesting date into your shareholder account. Refer to your award agreement(s)for details regarding vesting of your outstanding award(s) upon retirement.On your retirement date you must meet one of the following: For awards granted on or after January 1, 2022:– Age 55 with at least 5 years completed service– 80 points (based on age completed years of service) For awards granted before January 1, 2022:– Age 55 with at least 10 years completed service– Age 65– 80 points (based on age completed years of service)See Step 2: Set Up Your Retirement Income for more details.Wells Fargo & Company Long-Term Cash Award Plan (LTCAP):If you meet one of the retirement eligibility requirements on yourretirement date, your awards will continue to vest based on their originalvesting schedule following your last day of employment. Annual awards aregenerally paid out in April following the March vesting date. Please refer toyour LTCAP award agreement(s) for details regarding vesting of your award(s)upon retirement.See Step 2: Set Up Your Retirement Income for more details.Notices anddisclosuresIf you had a break in service (i.e., you terminated employment withWells Fargo or a prior company that was acquired by Wells Fargo and wererehired by Wells Fargo), prior full years of service, as documented in theHuman Capital Management System (HCMS), are credited, regardless of thelength of separation. However, in some cases prior service is not documentedin the HCMS and, as a result, will not be included in the retirement calculationunder the LTICP. If you have years of service in a prior company that wasacquired by Wells Fargo, typically those details are reflected in the HR system.However, if you were not employed on the merger date, prior years of servicemay not be counted for the purposes of this retirement calculation.Please note, retirement treatment of any grant is ultimately governed bythe terms and conditions of the Wells Fargo & Company Long-Term IncentivePlan and the applicable grant agreement. Please review these materials,which are located in your account at Computershare, to understand yourindividualized treatment. Restricted stock awards are issued under theWells Fargo & Company Long-Term Incentive Plan rules and regulations.Previous or other plan rules are not applicable to restricted stock awards.Previous9 of 82Next

Retirementtimeline1 Get ready2 Income3 Health care4 Security5 EnjoyResourcesand supportNotices anddisclosuresOnce you have a retirement date in mind, talk to your manager about your expected retirement date. Try to provide as much notice as possible. Let yourmanager know about any Paid Time Off (PTO) you have planned before your last day of employment.If you have any accrued, unused PTO available on your last day of employment, it will be paid out to you as part of your final pay. Personal holidays, floatingholidays, and community service time must be used before your last day worked and will not be paid out if unused. If you’re unsure how much PTO you haveavailable, review your balance in the Absence application on Workday.Previous10 of 82Next

Retirementtimeline1 Get ready2 Income3 Health care4 Security5 EnjoyResourcesand supportNotices anddisclosuresVerify and update your personalinformation and beneficiary designationsUpdate personal informationIt’s important that Wells Fargo has your correct contact information on fileso that you receive all of the necessary correspondence once you retire.Confirm your home address and other personal contact information, likepersonal cell phone number and email address, from your Profile on Workdayand select Contact.Verify and designate beneficiariesOften, people designate beneficiaries when they initially enroll in a benefitplan and don’t update them as their personal circumstances change. Now isan important time to review your existing beneficiary designations for thebenefit plans on the next page that you participate in and make sure thatthey still meet your needs. Keep in mind your beneficiary designations aremaintained separately for each plan, so you’ll need to update your beneficiarydesignations separately for each of the plans in which you participate.For more information on how to designate a beneficiary for each plan youparticipate in, visit the beneficiary designations page on the HR Services& Support site. Have your intended beneficiary’s date of birth and SocialSecurity number on hand when you verify your beneficiary information ormake updates.Did you know?If you are married, the law requires that your spouse be designated as your primary beneficiaryfor the 401(k) Plan and the Cash Balance Plan. If you want to designate someone other than yourspouse, your spouse must consent to the designation in writing.Previous11 of 82Next

Retirementtimeline1 Get ready2 Income3 Health care4 Security5 EnjoyResourcesand supportNotices anddisclosuresUpdating beneficiary informationWhat you’re eligible forOver the phoneOnline401(k) Plan and Supplemental401(k) Plan1-877-HRWELLS (1-877-479-3557), option 1,1, 1 (relay service calls accepted)Monday through Friday, 7:00 a.m. to 9:00 p.m.Central Time and Saturdays from 8:00 a.m. to4:30 p.m Central TimeFrom work: On HR Services & Support, go to HR Tools, and under Benefits select 401(k) Plan. Oncesigned on, go to Account at the top of the page, click on Overview, then Beneficiaries.From home: Go to my401kplan.wf.com, select Account at the top of the page, click on Overview,and then Beneficiaries.Cash Balance Plan andSupplemental Cash Balance Plan1-877-HRWELLS (1-877-479-3557), option 1,1, 2 (relay service calls accepted)Monday through Friday, 7:00 a.m. to 7:00 p.m.Central TimeFrom work: On HR Services & Support, go to HR Tools, and under Benefits select Cash BalancePlan. Once signed on, select My Beneficiaries.From home: Sign on to benefitconnect.wf.ehr.com/ess1 and select My Beneficiaries.Health SavingsAccount (HSA)1-844-326-7967(relay service calls accepted)24 hours a day, 7 days a weekFrom work: On HR Services & Support, go to HR Tools, and under Benefits select Optum Bank.Once signed on, go to Settings, then Beneficiaries.From home: Go to teamworks.wellsfargo.com and click Health Savings Account (Optum Bank).Once signed on, go to Settings, then Beneficiaries.Online onlyFrom work: From your Profile on Workday, select Benefits and then My Beneficiaries to view yourdesignations.From home: Go to teamworks.wellsfargo.com and select Your Benefits Tool. Once signed on,select Beneficiary Designation.Online onlyFrom work: On HR Services & Support, go to HR Tools, in the Search tool type ExecutiveCompensation.From home: Go to the SkyComp website at bfp-skycomp.com/wf1 and select Beneficiaries underPlan Options.Online onlyFrom work: On HR Services & Support, go to HR Tools, in the Search tool type About LTICP.From home: Go to teamworks.wellsfargo.com and click Log-In Help under Long-Term IncentiveCompensation Plan. Choose Plan 85 Beneficiary Form (PDF) under Plan Resources.You must contact a representative by phone to review your existing beneficiary designations.Life Insurance and AccidentalDeath and Dismemberment(AD&D)Long-Term Cash Award Plan(LTCAP) and other deferredcompensation plansLong-Term IncentiveCompensation Plan (LTICP)Previous12 of 82Next

Retirementtimeline1 Get ready2 Income3 Health care4 Security5 EnjoyResourcesand supportNotices anddisclosuresCancel your Commuter Benefit Program electionIf you’re enrolled in the Commuter Benefit Program, you must cancel your Commuter Benefit Program electionby the 10th day of the last month for which you need coverage. For example, if you cancel your Commuter BenefitProgram election by March 10, your coverage will end on March 31.For New York’s Long Island Rail Road or Metro-North Railroad, you must cancel your Commuter Benefit Programelection by the fourth day of the last month for which you need coverage. For example, if you cancel yourcommuter benefit election by March 4, your coverage will end on March 31.To cancel your Commuter Benefit Program election:Online: From work: On HR Services & Support, go to HR Tools, and under Benefits select HealthEquity. From home: Go to participant.wageworks.com.Over the phone:Contact HealthEquity at 1-877-924-3967. Representatives are available 24 hours a day,7 days a week, excluding some holidays. Relay service calls are accepted.Commuter card balances Transit or Vanpool: If you have a balance on your HealthEquity Commuter Card for transit or vanpool at the timeof your retirement, the funds will be available for 90 days after your last day of employment. On the 91st day,the unused funds will be forfeited. Parking: Your HealthEquity Commuter Card for parking will be deactivated on your retirement date and anyunused funds will be forfeited.Previous13 of 82Next

Retirementtimeline1 Get ready2 Income3 Health care4 Security5 EnjoyResourcesand supportNotices anddisclosuresReimbursement for payments made directly to your parking vendorYou may continue to submit receipts for eligible expenses that were incurredbefore your retirement date until your available account balance is zero orwithin six months of when the expenses were incurred — whichever occursfirst. Any remaining balance after that time will be forfeited.Requesting a reimbursement after your last day of employment: Go to participant.wageworks.com. Select the Parking option on the left side of the page. Click Reimburse Me at the top of the page. Select Submit Claim and follow the instructions. Submit your receipt or invoice as soon as possible.You cannot submit your claim for reimbursement before the first of themonth for which the payment is made. For example, if your parking expenseis for the month of March, you may submit your request for reimbursementbeginning March 1. To receive your reimbursement within the month, youmust submit your reimbursement request and receipts by 5:00 p.m. CentralTime on the fourth business day of the month. Claims received after thefourth business day of the month will be reimbursed in the following month. 14 of 82 PreviousNext

Retirementtimeline1 Get readyStep 1 checklist:2 Income3 Health care4 Security5 EnjoyResourcesand supportNotices anddisclosuresNotes: Choose your retirement date. Talk to your manager about yourexpected retirement date. Update your personal information. Verify and designate beneficiaries. Cancel your CommuterBenefit Program election.PRINT THIS PAGEPrevious15 of 82Next

Retirementtimeline1 Get ready2 Income3 Health care4 Security5 EnjoyResourcesand supportNotices anddisclosuresStep 2Set up yourretirement incomeNow it’s time to think about your sources of income in retirement and howto access them. You have some important decisions to make about yourretirement savings, when you want to receive it, and how to make it workfor you. To support your financial needs for the duration of your retirement,your retirement income may be generated from several sources includingretirement plans like the 401(k) Plan, the Cash Balance Plan, other personalsavings such as Individual Retirement Accounts (IRAs), and Social Securityretirement benefits.This section of the guide provides information about Wells Fargo-sponsoredplans, as well as some general information about Social Security. It isimportant to note that some plans require action on your part at the time ofyour retirement or after you are retired. Others don’t require action, but thereare some things you’ll want to be aware of.Your action required Wells Fargo & Company 401(k) PlanWells Fargo & Company Cash Balance PlanWells Fargo & Company Stock Purchase PlanSocial SecurityNo action required,for your information onlyOther sources of retirement income(applicable to a limited population) Short-Term Awards under IncentiveCompensation Plans Wells Fargo & Company Long-TermIncentive Compensation Plan (RestrictedShare Rights) Wells Fargo & Company Deferred Compensation PlanWells Fargo & Company Long-Term Cash Award PlanWells Fargo & Company Supplemental 401(k) PlanWells Fargo & Company Supplemental Cash Balance PlanOther executive compensation plansPrevious16 of 82Next

Retirementtimeline1 Get ready2 Income3 Health care4 Security5 EnjoyResourcesand supportNotices anddisclosuresWells Fargo & Company 401(k) PlanIf you have a balance in the 401(k) Plan, you’ll need to decide what you wantto do with your account balance upon retirement. This section providesgeneral information about your options and the resources available tosupport you.Following your last day of employment, you’ll receive a brochure in the mailfrom Empower Retirement, which will provide information about your 401(k)Plan withdrawal options. You can also access the 401(k) Plan Summary PlanDescription (SPD) for important information about the 401(k) Plan, includingwithdrawal options in retirement. Review these materials anytime on theWells Fargo 401(k) Plan website and talk to a tax or financial advisor beforetaking a withdrawal from the 401(k) Plan. To access the 401(k) Plan SPD, goto HR Services & Support, select HR Tools, and under Benefits choose 401(k)Plan or go to my401kplan.wf.com.Check your 401(k) Plan account balance From work: On HR Services & Support, go to HR Tools, and under Benefits select 401(k) Plan. From home: Go to my401kplan.wf.com. For first-time access:– Sign on and select Register.– Choose the “I do not have a PIN” tab.– Follow the prompts to create a username and password Download and use the Empower Retirement app, available on both IOSTM and AndroidTM devices¹.Is any of your 401(k) Plan invested in Wells Fargo & Company common stock?If you are taking a withdrawal from the 401(k) Plan, you’ll need to determine whether you want toreceive the stock as a cash payment or “in kind.” Withdrawn as cash means the Wells Fargo stock is sold and paid in cash. Withdrawn “in kind” means the Wells Fargo stock is transferred as shares and not sold.If any of your 401(k) Plan account balance is invested in the Wells Fargo ESOP Fund, then you haveWells Fargo & Company common stock.If you are planning a direct rollover to an IRA, a brokerage account, or another employer’s qualifiedplan, before initiating your withdrawal, make sure that the rollover institution will accept an in-kindtransfer of stock.If you don’t make an election, the withdrawal will automatically be made in cash.1. iOS is a registered trademark of Cisco in the U.S. and other countries and is used under license. Android, Google Play, and theGoogle Play logo are trademarks of Google LLC.Previous17 of 82Next

Retirementtimeline1 Get ready2 Income3 Health careYour optionsWhen you take money out of the 401(k) Plan, it’s called taking a withdrawal.If your vested account balance is greater than 1,000, you generally have threewithdrawal options. In most cases, you may choose any combination of theoptions below to meet your individual needs.4 Security5 EnjoyResourcesand supportNotices anddisclosuresEmpower provides Retirement Readiness Reviews, which are consultative discussionswith you about the development of, and progress towards, a retirement readinessstrategy. During a Retirement Readiness Review, a representative will ask you toprovide information about your retirement goals, assets, income sources, and similarinformation. The representative will provide feedback about a strategy for withdrawingyour retirement savings through retirement, how claiming Social Security at differentages may impact your benefits, and similar information. Afterwards, you will receive asummary report of the discussion to refer to as needed. Retirement Readiness Reviewsare available at no cost to you by calling 1-877-HRWELLS (1-877-479-3557), option1, 1, 1, to speak with a retirement representative. All relay service calls are accepted,including 711.Your action requiredYour action requiredOPTION 1OPTION 2OPTION 3Take itRoll itLeave it You can take all of your retirement savings as cash,payable to you. You may choose to receive it in a lump sum (paid toyou all at one time), partial lump sum (paid to youin two or more partial payments), or in a series ofinstallment payments for a time period or frequencythat you elect. Keep in mind, the IRS may impose an early withdrawaltax of 10% if you select this option before you reachage 59½ unless an exception applies. You can roll over your 401(k) Plan account to anIndividual Retirement Account (IRA) or anotheremployer’s qualified retirement plan. You can leave your retirement savings in the 401(k) Planthrough retirement and receive retirement income fromyour 401(k) Plan account. Tax rules require you to begin taking withdrawalsMinimum Distributions of your retirement savings byApril 1 of the calendar year following your last day ofemployment or April 1 of the calendar year followingthe date you turn 72, whichever is later.Previous18 of 82Next

Retirementtimeline1 Get ready2 Income3 Health care4 Security5 EnjoyHow and when your 401(k) Plan withdrawal will be paidYour withdrawal will generally be made in the form of a check mailed to your home address on record within fivebusiness days of the date you request the withdrawal. Wells Fargo stock withdrawn in the form of shares will be sentseparately and could take some additional processing time. If you elect an in-kind stock payment that is not a directrollover to an IRA or another employer’s qualified retirement plan, your shares will be transferred as a book-entrystatement. An Account Statement with instructions about how to sign on to your account and manage your shares willbe mailed to your home address on record.If your vested account balance is 1,000 or less If your vested 401(k) Plan account balance is 1,000 or less at the time of your retirement, it will be automatically paidto you in cash in a single lump sum. You will receive the payment in the form of a check mailed to your home addresson record approximately 60 days after your last day of employment. If you would like to receive the payment sooner,you may contact a retirement representative at 1‑877‑HRWELLS (1-877-479-3557), option 1, 1, 1, after your last dayof employment. All relay service calls are accepted, including 711.Resourcesand supportNotices anddisclosuresRead the Special Tax Notice for importantinformationGo to my401kplan.wf.com. Choose Account, thenStatements and Documents, and click on the linkwith 40

Access to retiree health care coverage under the Wells Fargo & Company Retiree Plan. This includes Wells Fargo-sponsored retiree medical plans (and dental plan if you are under age 65). A limited number of employees are also eligible for a subsidy toward the cost of Wells Fargo-sponsored retiree medical coverage.