v3.26.1
Employee Benefits
 3 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
Employee Benefits
Note 18: Employee Benefits
Pension and Postretirement Plans
We sponsor a frozen noncontributory qualified defined benefit retirement plan, the Wells Fargo & Company Cash Balance Plan (Cash Balance Plan), which covers eligible employees of Wells Fargo. The Cash Balance Plan was frozen on July 1, 2009, and no new benefits accrue after that date. For additional information on our pension and postretirement plans, including plan assumptions, investment strategy and asset allocation, projected benefit payments, and valuation methodologies used
for assets measured at fair value, see Note 1 (Summary of Significant Accounting Policies) and Note 21 (Employee Benefits) in our 2025 Form 10-K.

Table 18.1 presents the components of net periodic benefit cost. Service cost is reported in personnel expense and all other components of net periodic benefit cost are reported in other noninterest expense on our consolidated statement of income.
Table 18.1: Net Periodic Benefit Cost
20262025
Pension benefits Pension benefits 
(in millions)
Qualified
Non- 
qualified
Other 
benefits
Qualified 
Non- 
qualified
Other 
benefits
Quarter ended March 31,
Service cost$9 — — 8 — — 
Interest cost88 4 3 98 4 3 
Expected return on plan assets(118)— (7)(123)— (7)
Amortization of net actuarial loss (gain)31 1 (6)33 1 (6)
Amortization of prior service credit
— — (2)— — (3)
Net periodic benefit cost
$10 5 (12)16 5 (13)