$100 for four years on the plan. And on a check cut from a US bank account ! Thanks for being very sensible. This money will come to me in full.
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Ex-employee here. Recieved settlement deposit 12/13 for over $1200.
You realize that here are two 401K settlements. One with the DOL which was a $132 Million settlement and the second was a class action for $32.5 million settlement. Both should be paid out in Dec. 2022. So far have received the funds from the DOL settlement
My deposits happened on 12/13 for a little over 600 bucks.
Former employee. Received $1,827.45 check yesterday made out to the company that I originally moved my 401k to. It's not there anymore. Empower executes about as well as Wells Fargo. Empower said I never told them who to make the check out to. I sent them the email I sent two months ago with instructions on who to make the check out to. They never asked I was just trying to preempt what eventually happened anyway. Now I have to wait for a new check that they won't send until they get the old check back. Amazing incompetence.
All former employees get a check. Existing employees get the amount posted to their account.
Got $800 deposit into my 401k (existing employee)
I am a former employee and received a check yesterday for $115.
I can tell the $83 is the settlement money because it shows as a contribution and I maxed out contributions in sept. And it’s not the annual employer match.
OP here . Obviously I am an ex-employee here. Otherwise , why would I say four years and stop there ? I left in July but just seeing the reactions from many of you doubting my story, I think many of you need an IQ test. How would you ever pay an ex-employee without sending them a check? No self-respecting former employee will leave a penny behind in a wells account . Sorry folks, I am being honest. I like Wells Fargo employees. Not Wells Fargo management.
Maybe it's time for someone to go to jail for all the fraud and abuse.
I see numerous entries. Not sure which one is the settlement. How can you tell?
$83 on 12/13 contribution to my 401k
My funds posted to my 401k on December 13th. HR confirmed. It looks like some former employees are getting checks this week! I know someone who got a small check
If you are no longer with WF, you get a check.
Not BS post some are getting checks. I closed my Empower account earlier this year after retiring and I am still getting a settlement. Received email notice from Empower and the payment will be in the form of a check soon.
BS post, money was automatically placed in 401k
Cool story