Got an email this evening about a payout by the end of year. No real details
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Probably ten dollars
Just got my email yesterday, but nothing specific about the $$$, other than it will be deposited back into my 401k before January:
From: WF ESOP Settlement Administrator
To Current Wells Fargo & Company 401(k) Plan Participants:
Wells Fargo & Company and the U.S. Department of Labor (DOL) have agreed to settle a legacy matter regarding certain Employee Stock Ownership Plan transactions that were used to fund certain Company contributions to the Wells Fargo & Company 401(k) Plan (401(k) Plan).
You have been identified as someone who participated in the 401(k) Plan and received Company contributions in the ESOP Fund between January 1, 2013 and December 31, 2021. The settlement administrator (Rust Consulting, Inc.) has determined that you are eligible to recover under the terms of the settlement with the DOL.
As a current participant in the 401(k) Plan, you are expected to receive your share of the settlement as a deposit in your 401(k) Plan account before the end of the year.
How much $$$ are we talking here?
Got my email this evening.
PS - the 12/1 dividend payment is the quarterly transaction we always get.....same as 9/1...6/1 and 3/1...has nothing to do with the settlement.
got couple hundred bucks
12/1 under 401 shows ESOP dividend deposit.
Check spam
I've received nothing in my e-mail so far.
So how do we know how much we’re entitled to?
Click on the link to their FAQs and there is more detail. Not much more but more.
Let’s ALL embrace candor!!!!
Zero details.