Investment options as of October 1, 2015 & Company 401(k) Plan Comparative Fee Disclosure Chart This document includes important information to help you understand the fees associated with the investment options under the & Company 401(k) Plan ( 401(k) Plan ). If you want additional information about the 401(k) Plan investment options or to request a free paper copy of this notice or any information described in this notice, sign on to your account from the 401(k) Plan site from Teamworks or from home at teamworks.wellsfargo.com or call 1-877-HRWELLS (1 877 479 3557), option 1, to speak with a plan specialist. Relay service calls are accepted. Introduction This document has two parts: (I) performance information for the 401(k) Plan investment options; and (II) fees and expenses you will pay if you invest in a fund option. currently pays the administrative expenses associated with the 401(k) Plan, including the 401(k) Plan s recordkeeping, accounting, and legal expenses. Please visit the 401(k) Plan site at teamworks.wellsfargo.com for additional important financial and other information regarding the investment options such as fund fact sheets and prospectuses or disclosures for the investment options, a glossary of terms relevant to the 401(k) Plan, and the & Company 401(k) Plan Summary Plan Description ( SPD ). Part I. Performance Information Table 1 focuses on the performance of investment options that do not have a fixed or stated rate of return. It shows how these options have performed over time and allows you to compare them with an appropriate benchmark for the same time periods. Past performance does not guarantee how the investment option will perform in the future. Refer to the 401(k) Plan site for more current investment performance. Your investment in these options could lose money. Information about an investment option s principal risks is available in the investment option s prospectus or disclosure document on the 401(k) Plan site using Teamworks or from home at teamworks.wellsfargo.com or by calling 1-877-HRWELLS (1 877 479 3557), option 1. Table 1 Variable Return Investments Fund Category and Fund Name Fund s Average Annual Total Return as of 09/30/2015 Benchmark Name Benchmark s Average Annual Total Return as of 09/30/2015 Target Date 0.38% 2.75% 4.01% NA Dow Jones Target Target Today Fund 1, 2 Today Index 0.50% 3.30% 4.03% NA Dow Jones Target 2010 Fund 1, 2 Target 2010 Index 0.16% 3.10% 4.45% NA 0.22% 3.70% 4.45% NA 1. Effective December 15, 2015, Advantage Funds will remove the word Advantage from the fund family name and be simply known as Funds. As part of the fund family name change, each individual fund will drop the word Advantage from its fund name. 2. Before June 1, 2013, the 401(k) Plan previously received an additional rebate of 0.15% from Funds Management, LLC, which was passed through to 401(k) Plan participants who invested in this fund. The total returns shown in Table 1 do not take into account this additional 0.15% rebate for the time period before June 1, 2013. 1
Fund Category and Fund Name Fund s Average Annual Total Return as of 09/30/2015 Benchmark Name Benchmark s Average Annual Total Return as of 09/30/2015 Target Date 0.78% 4.03% NA 3.32% Dow Jones Target 2015 Fund 1, 2 Target 2015 Index 1.16% 4.97% 4.54% NA Dow Jones Target 2020 Fund 1, 2 Target 2020 Index 1.61% 5.98% NA 3.32% Dow Jones Target 2025 Fund 1, 2 Target 2025 Index 2.09% 6.85% 5.03% NA Dow Jones Target 2030 Fund 1, 2 Target 2030 Index 2.87% 7.49% NA 3.41% Dow Jones Target 2035 Fund 1, 2 Target 2035 Index 3.44% 7.94% 5.41% NA Dow Jones Target 2040 Fund 1, 2 Target 2040 Index 3.83% 8.15% NA 3.62% Dow Jones Target 2045 Fund 1, 2 Target 2045 Index 4.02% 8.17% NA 3.61% Dow Jones Target 2050 Fund 1, 2 Target 2050 Index 3.96% NA NA 6.18% Dow Jones Target 2055 Fund 1, 2 Target 2055 Index 0.49% 4.42% NA 3.77% 0.84% 5.36% 4.98% NA 1.29% 6.35% NA 3.69% 1.81% 7.20% 5.62% NA 2.57% 7.84% NA 3.68% 3.17% 8.28% 5.93% NA 3.56% 8.48% NA 3.85% 3.70% 8.49% NA 3.85% 3.70% NA NA 6.39% Money Market and Stable Value 100% Treasury Money Market Fund Stable Value Fund Bond 0.00% 0.01% 1.06% NA Citigroup 3 month Treasury Bill 1.87% 2.35% 3.47% NA Citigroup 3 month Treasury Bill 0.02% 0.06% 1.26% NA 0.02% 0.06% 1.26% NA U.S. Bond 2.96% 3.06% 4.68% NA Barclays Capital U.S. Aggregate Bond Index 2.94% 3.10% 4.64% NA PIMCO Global Advantage Strategy Bond Fund Institutional 8.71% 0.34% NA 3.65% PIMCO Global Advantage Bond Index (GLADI) 7.87% 0.19% NA 3.55% 1. Effective December 15, 2015, Advantage Funds will remove the word Advantage from the fund family name and be simply known as Funds. As part of the fund family name change, each individual fund will drop the word Advantage from its fund name. 2. Before June 1, 2013, the 401(k) Plan previously received an additional rebate of 0.15% from Funds Management, LLC, which was passed through to 401(k) Plan participants who invested in this fund. The total returns shown in Table 1 do not take into account this additional 0.15% rebate for the time period before June 1, 2013. 2
Fund Category and Fund Name Fund s Average Annual Total Return as of 09/30/2015 Benchmark Name Benchmark s Average Annual Total Return as of 09/30/2015 Domestic Stock Large Cap Value Fund 5.21% 12.03% NA 11.46% Russell 1000 Value S&P 500 0.65% 13.34% 6.84% NA Standard & Poor s 500 Large Cap Growth Fund 4.74% 13.57% NA 13.13% Russell 1000 Growth 4.42% 12.29% NA 11.73% 0.61% 13.34% 6.80% NA 3.17% 14.47% NA 14.23% S&P Mid Cap Index Fund 1.33% 12.86% 8.25% NA S&P 400 Mid Cap 1.40% 12.93% 8.25% NA Russell Small Cap 1.24% 11.68% 6.45% NA Russell 2000 1.25% 11.73% 6.55% NA Small Cap Fund 1.63% 11.86% NA 11.67% Russell 2000 1.25% 11.73% NA 12.11% NASDAQ 100 International Stock International Index Fund International Equity Fund Emerging Markets Equity Fund Company Stock 4.39% 17.26% NA 10.62% NASDAQ 100 Stock Index 8.44% 4.18% NA 8.38% MSCI EAFE Index (Net) 7.57% NA NA 4.82% MSCI All Country World Index ex U.S. Index (Net) 25.70% 4.32% NA 0.66% MSCI Emerging Markets Index (Net) 4.46% 17.32% NA 10.76% 8.66% 3.98% NA 8.23% 12.16% NA NA 2.85% 19.28% 3.58% NA 0.43% ESOP Fund 1.03% 15.13% 5.62% NA Standard & Poor s 500 0.61% 13.34% 6.80% NA Non-ESOP Fund 1.06% 14.98% NA 8.85% Standard & Poor s 500 0.61% 13.34% NA 10.37% 3
Part II. Fee and Expense Information Table 2 shows fees and expenses for the investment options listed in Table 1. Total Annual are expenses that reduce the rate of return of the investment option. Table 2 shows the Gross Total Annual Operating Expenses in column B, which represents the expense before fee expense waivers to the 401(k) Plan. The waivers reduce Gross Total Annual and are listed in column C. The result is the Net Total Annual Operating Expenses of each 401(k) Plan investment option shown in column D, which represents what you pay (column B - C = D). Funds that have trading restrictions are indicated in column E, as shown below. Table 2 Fees and Expenses A B C D E Fund Category or Fund Name Gross Total Annual (Before fund level fee expense waivers to the 401(k) Plan) Fund Level Fee Expense Waivers to the 401(k) Plan Net Total Annual (What you pay) Trading Restrictions As a % Per As a % As a % Per Target Date Target Today Fund 1 0.41% $4.10 0.11% 0.30% $3.00 30 Day Purchase Target 2010 Fund 1 0.42% $4.20 0.10% 0.32% $3.20 30 Day Purchase Target 2015 Fund 1 0.42% $4.20 0.09% 0.33% $3.30 30 Day Purchase Target 2020 Fund 1 0.40% $4.00 0.05% 0.35% $3.50 30 Day Purchase Target 2025 Fund 1 0.41% $4.10 0.06% 0.35% $3.50 30 Day Purchase 1. Effective December 15, 2015, Advantage Funds will remove the word Advantage from the fund family name and be simply known as Funds. As part of the fund family name change, each individual fund will drop the word Advantage from its fund name. 4
A B C D E Fund Category or Fund Name Gross Total Annual (Before fund level fee expense waivers to the 401(k) Plan) Fund Level Fee Expense Waivers to the 401(k) Plan Net Total Annual (What you pay) Trading Restrictions As a % Per As a % As a % Per Target Date Target 2030 Fund 1 0.40% $4.00 0.04% 0.36% $3.60 30 Day Purchase Target 2035 Fund 1 0.41% $4.10 0.04% 0.37% $3.70 30 Day Purchase Target 2040 Fund 1 0.41% $4.10 0.04% 0.37% $3.70 30 Day Purchase Target 2045 Fund 1 0.42% $4.20 0.05% 0.37% $3.70 30 Day Purchase Target 2050 Fund 1 0.41% $4.10 0.04% 0.37% $3.70 30 Day Purchase Target 2055 Fund 1 0.49% $4.90 0.12% 0.37% $3.70 30 Day Purchase Money Market and Stable Value 100% Treasury Money Market Fund Stable Value Fund 0.51% $5.10 0.45% 2 0.06% $0.60 NA 0.24% $2.40 NA 0.24% $2.40 Funds may not be transferred to 100% Treasury Money Market Fund until 90 days after transfer from Stable Value Fund. Bond U.S. Bond 0.06% $0.60 NA 0.06% $0.60 NA PIMCO Global Advantage Strategy Bond Fund Institutional 0.70% $7.00 NA 0.70% $7.00 NA 5
A B C D E Fund Category or Fund Name Gross Total Annual (Before fund level fee expense waivers to the 401(k) Plan) Fund Level Fee Expense Waivers to the 401(k) Plan Net Total Annual (What you pay) Trading Restrictions As a % Per As a % As a % Per 1. Effective December 15, 2015, Advantage Funds will remove the word Advantage from the fund family name and be simply known as Funds. As part of the fund family name change, each individual fund will drop the word Advantage from its fund name. 2. The Fund Level waiver shown above for the 100% Treasury Money Market Fund includes a voluntary waiver by Funds Management of 0.24%, which is subject to change at any time based on market conditions. Domestic Stock Large Cap Value Fund 0.40% $4.00 NA 0.40% $4.00 30 Day Purchase S&P 500 0.02% $0.20 NA 0.02% $0.20 NA Large Cap Growth Fund S&P Mid Cap Russell Small Cap 0.44% $4.40 NA 0.44% $4.40 30 Day Purchase 0.06% $0.60 NA 0.06% $0.60 NA 0.06% $0.60 NA 0.06% $0.60 NA Small Cap Fund 0.58% $5.80 NA 0.58% $5.80 30 Day Purchase NASDAQ 100 0.07% $0.70 NA 0.07% $0.70 NA International Stock International International Equity Fund Emerging Markets Fund 0.09% $0.90 NA 0.09% $0.90 NA 0.55% $5.50 NA 0.55% $5.50 30 Day Purchase 0.90% $9.00 NA 0.90% $9.00 NA Company Stock ESOP Fund 0.00% $0.00 0.00% 0.00% $0.00 NA 6
A B C D E Fund Category or Fund Name Gross Total Annual (Before fund level fee expense waivers to the 401(k) Plan) Fund Level Fee Expense Waivers to the 401(k) Plan Net Total Annual (What you pay) Trading Restrictions As a % Per As a % As a % Per Non-ESOP Fund 0.00% $0.00 0.00% 0.00% $0.00 NA 7
Plan Related Information The investment options available in the 401(k) Plan do not assess additional fees beyond those reflected in Table 2 Fees and Expenses, starting on page 4, directly against a participant s or beneficiary s investment such as commissions, sales loads, sales charges, deferred sales charges, redemption fees, surrender charges, exchange fees, account fees, or purchase fees resulting from transaction activity initiated by a participant or beneficiary. No Administrative or Individual Fees Imposed by the 401(k) Plan. 1 As noted above, & Company currently pays all administrative expenses to operate the 401(k) Plan. For example, you are not charged a fee for recordkeeping expenses. In addition, currently the 401(k) Plan does not impose individual fees associated with the 401(k) Plan. For example, the 401(k) Plan does not impose a fee for you to obtain a distribution or loan from the 401(k) Plan. Investment Options and Instructions. As a participant in the 401(k) Plan, you re responsible for investing your account in one or any combination of the 401(k) Plan s investment options. Table 1 and Table 2 above provide more specific information about the investment options. You may change your investment elections as often as you like, but keep in mind that some funds are subject to trading restrictions. The trading restrictions are described in Table 2 above. To make investment changes, sign on to your 401(k) Plan account from Teamworks or teamworks.wellsfargo.com, or you can call 1-877-HRWELLS (1 877 479 3557), option 1. Voting Rights for Company Stock. From time to time, shareholders of & Company are asked to vote on various matters. If you have stock allocated to your 401(k) Plan account under the ESOP Fund or the Non ESOP Fund, you will have an opportunity to direct the vote of your allocated shares on a confidential basis through a third party. Your vote will not be divulged to employees or officers of & Company. The results of the vote (but not how an individual participant voted such shares) will be provided to the Trustee of the 401(k) Plan. The Trustee votes the shares of & Company common stock in accordance with such results. For additional details, refer to the SPD. The Target Date Funds and possibly other investment options may ask investors to vote on certain actions such as membership on the fund s board of directors. The plan administrator anticipates that such voting will be done by either the trustee or by the plan administrator who would direct the trustee how to vote the shares of the investment fund. The plan administrator does not anticipate passing through such voting to the participants in the 401(k) Plan. The cumulative effect of fees and expenses can substantially reduce the growth of your retirement savings. Visit the U.S. Department of Labor s website at dol.gov/ebsa/ publications/401k_employee.html for an example showing the long term effect of fees and expenses. Fees and expenses are only one of many factors to consider when you decide to invest in an option. You may also want to think about whether an investment in a particular option, along with your other investments, will help you achieve your financial goals. For your long term retirement security, you should give careful consideration to the importance of a well balanced and diversified investment portfolio. Please visit the 401(k) Plan site from Teamworks or from home at teamworks.wellsfargo.com, and select the Plan Information tab, then Plan Resources for a glossary of investment terms relevant to the 401(k) Plan. The glossary is intended to help you better understand your retirement benefits. Important information Please note that this Comparative Fee Disclosure Chart is not intended to include all of the terms of the 401(k) Plan. Neither & Company nor any of its affiliates, including its employees and representatives, may provide investment advice to any participant or beneficiary regarding the investment of assets in the 401(k) Plan. Please contact your personal investment, financial, tax, or legal advisor regarding your specific needs and situation. & Company reserves the right to amend, modify, or terminate the 401(k) Plan at any time, in whole or in part, without notice for any reason. 1. The State of Florida imposes a stamp tax on loans its residents obtain from the 401(k) Plan. See the Loan Rules in the Summary Plan Description for more details. 8
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