#55 of 500 · Member & Benefit Funds

Wells Fargo & Company Employee Benefit Trust

EIN 41-1340042 · IA · NTEE n/a · Form 990, fiscal 2023

A voluntary employees' beneficiary association (VEBA) trust, tax-exempt under IRC 501(c)(9), established by Wells Fargo & Company to fund and pay health and welfare benefits, such as medical, dental, and vision coverage, for eligible Wells Fargo employees, retirees, and their dependents. It holds and administers assets, primarily employer and employee contributions, that are used to pay benefit claims. It functions as a benefit-financing vehicle rather than a public-facing charity.

Financials, fiscal 2023

Revenue

$2.55B

Expenses

$2.57B

Total assets

$1.8M

Net assets

-$2.5M

Operating margin

-0.9%

1-year growth

-1.5%

5-year growth (CAGR)

0.0%

Reserve (years of spending)

-0.0

Contributions share

n/a

Programme spending

99.8%

Fundraising cost

n/a

Executive pay share

0.00%

Employees

n/a

Revenue per employee

n/a

Grants paid

n/a

Years filing

44

NFP Health Score: 53 / 100

Financial 10 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Revenue history