Thread regarding Wells Fargo & Co. layoffs

401k 1% of salary deposit

When do we receive the additional 1% of our salary 401K deposit? I only received the 401K match contribution.

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| 1713 views | | 8 replies (last January 4, 2025) | Reply
Post ID: @OP+1jgkq7659

8 replies (most recent on top)

There hasn't been profit sharing since Stumpfy was CEO. Charlie just made sure it was for perpetuity.

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Post ID: @kj+1jgkq7659

@c3 that’s the bonus that pays throughout the whole year.

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Post ID: @c9+1jgkq7659

Lmao - 1%?!

Why even bother?

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Post ID: @c4+1jgkq7659

I heard they were replacing it with a Jelly of the month subscription

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Post ID: @c3+1jgkq7659

I think they only give that to the lower paid folks.

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Post ID: @ay+1jgkq7659

The old plan was called 'profit sharing', what's the new plan for the sub75k folks called? All references to profit sharing appear to have been scrubbed.

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Post ID: @a3+1jgkq7659

Per workday, it's for individuals who make $75K or less

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Post ID: @a1+1jgkq7659

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