Settled · 2022 · $32.5M
Wells Fargo 401(k) (proprietary funds) Lawsuit
401(k) plan · See all 401(k) matters
Allegation language only. The following describes claims made in public filings or reporting. No defendant is described as guilty or liable unless a court has so found. Settled matters resolved without an admission of liability.
What the lawsuit alleges
Becker v. Wells Fargo alleged fiduciaries selected and retained 17 Wells Fargo proprietary funds that underperformed their benchmarks, plus prohibited transactions. Reported settled for $32.5 million in 2022.
Who may be affected
Current and former participants and beneficiaries of the Wells Fargo 401(k) (proprietary funds) 401(k) plan during the relevant class period. Eligibility depends on the plan, role, and dates of participation — request a free review to confirm.
Case status & source
Status: Settled (2022) · Reported amount: $32.5M.
- Primary source pending — attach the verified public link (court filing, DOL release, or reputable outlet) before publishing.
Related practice area
401(k) plan litigation overview · All plan & employer lawsuits
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