Amendment to Wells Fargo & Company Supplemental Cash Balance Plan (SCB) – Plan Administrator Update
Contract Categories:
Human Resources
›
Retirement Agreements
Summary
This amendment updates the Wells Fargo & Company Supplemental Cash Balance Plan (SCB) to designate the Director of Human Resources, the Director of Compensation and Benefits, and the Head of Enterprise HR Solutions as individual Plan Administrators under ERISA, effective July 1, 2017. Each of these individuals may act independently as the Plan Administrator. The amendment clarifies who is responsible for administering the plan.
EX-10.E 6 wfc-06302017xex10e.htm EXHIBIT 10.E Exhibit
Exhibit 10(e)
Amendment to Wells Fargo & Company Supplemental Cash Balance Plan (the “SCB”)
The first sentence of Section 19 of the SCB is amended effective July 1, 2017 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, the Director of Compensation and Benefits, and the Head of Enterprise HR Solutions of the Company, each of whom, acting individually, may take action as the Plan Administrator