Wells Fargo & Co., Minneapolis, contributed $1.3 billion to its U.S. defined benefit plan, according to the company’s latest 10-Q filed with the Securities and Exchange Commission.
The company did not make a contribution to the $10.6 billion DB plan in 2015, according to its annual report. The latest contribution, made in August, resulted from an actuarial valuation of the plan completed earlier this year.
The plan was frozen in 2009. Its target asset allocation range is 30% to 50% equities, 40% to 60% fixed income, and a total of about 10% in real estate, venture capital, private equity and other investments, according to the annual report.
Wells Fargo also has a $34.4 billion 401(k) plan.
