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Wells Fargo to remove Match for High-Paid Employees Sources

(This tale ended up being updated on Oct. 22 with extra details in 5th and sixth paragraphs.)

In its latest attack on costs, Wells Fargo & Co. is eliminating the 401(k) your your your retirement account match it makes for workers earning $250,000 or maybe more, in accordance with business sources.

Wells Fargo spokeswoman Beth Richek stated the capital-pressed bank is “evolving” its U.S. settlement and advantages system with a larger increased exposure of supporting lower-paid workers.

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