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US Department Of Labor recovers $131.8 million for Wells Fargo 401(K) participants after investigation finds plan overpaid for company stock

| Staff Reporters
The U.S. Department of Labor today announced a settlement with Wells Fargo and Company and Wells Fargo Bank and GreatBanc Trust Company – a plan trustee – that recovers more than $131.8 million for the retirement plan’s participants after a department investigation found that, from 2013 through 2018, the fund overpaid for company stock purchased for the plan.

 

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