Amendment to Wells Fargo & Company Supplemental Cash Balance Plan (Section 19)
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Summary
This amendment updates the Wells Fargo & Company Supplemental Cash Balance Plan, effective January 1, 2020. It designates the Director of Human Resources and the Director of Compensation and Benefits, each acting individually, as the Plan Administrator for purposes of ERISA. The amendment clarifies who has authority to administer the plan under federal law.
EX-10.C 5 wfc-0630x2020xex10c.htm EXHIBIT 10.C Exhibit
Exhibit 10(c)
Amendment to Supplemental Cash Balance Plan
The first sentence of Section 19 of the Wells Fargo & Company Supplemental Cash Balance Plan is amended effective January 1, 2020 to read in full as follows:
For purposes of Section 3(16)(A) of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended, the Plan Administrator shall be the Director of Human Resources and the Director of Compensation and Benefits of the Company, each of whom, acting individually, may take action as the Plan Administrator.
