Your 5-step guide to retiring from Wells Fargo

1 Your 5-step guide to retiring from Wells FargoSTART HEREC ongratulations on your upcoming retirement! Retirement is an important and exciting milestone in your life and career. As a valued Wells Fargo team member, we appreciate your commitment to the company and thank you for your retirement is approaching, and it s important that you re prepared. Take the time now to understand the decisions and actions on the immediate horizon, as well as those that you ll encounter along the way. By preparing for a smooth transition into your next chapter in life, you ll have a plan and resources to help you take advantage of all of the benefits that will be available to you in your retirement. This guide is designed to help you navigate the process in five key s get started!

2 2 of 81 NextPreviousTable of contents04 Introduction Your retirement timeline Find information about the steps you ll need to take and when to take them to make the most of your next 1 Get ready to retire Learn about all the Wells Fargo retirement benefits you may be eligible for and how to qualify. Then, choose the retirement date that works best for 2 Set up your retirement income Structure your retirement income to last as long as you need it to. Get specific information about Wells Fargo plans and general information about social 3 Decide upon health care coverage in retirement Evaluate all the health care coverage options available to you. These will vary depending on Medicare eligibility and other requirements.

3 65 step 4 Evaluate financial protection benefits Financial protection benefits including life insurance, long-term care insurance, and other plans can serve as a financial safety net. Learn how to create yours. 72 step 5 Enjoy your retirement Take advantage of health and well -being resources, as well as Wells Fargo discounts on everyday products like travel, entertainment, and electronics. You ve earned them!77 Support available along the way80 Disclaimers, notices, and disclosures3 of 81 NextPreviousRetirement timeline 1 Get ready2 Income3 Health care4 Security5 EnjoyResources and supportNotices and disclosures4 of 81 NextPreviousCountdown to your retirementBelow is a high-level timeline to help you understand general timeframes and things you ll want to begin thinking about as you approach your retirement.

4 As you move through the five steps within this guide , you ll learn more about each of these items and understand how to take months before retirement Start planning. Choose a retirement date. Confirm retiree health care eligibility. Confirm Cash Balance Plan eligibility and model payment options. Consider your 401(k) Plan withdrawal timing and options. Learn about Social Security benefits. Start learning about Medicare. If you participate in an incentive plan, talk to your manager about your eligibility for awards under the plan you participate month before retirement Make your retiree health care elections. Make Cash Balance Plan elections and return any required forms. Cancel your Commuter Benefit Program READYT hree months before retirement Discuss your retirement date with your manager.

5 Update your personal information and beneficiary designations. Begin enrollment in Medicare (if eligible). Contact the Wells Fargo Retirement Service Center to request a retiree health care enrollment kit or make an enrollment appointment with Via Benefits (if eligible). Start the process to receive your Cash Balance Plan benefit if you want to begin receiving the benefit the month after your RETIREMENT DATEYour last day of employmentActive team member coverage ends for the following benefit plans: Disability insurance (short- and long-term) Business Travel Accident insurance (BTA) Tuition reimbursement Adoption reimbursement Day Care Flexible Spending Account (FSA) Backup care (adult and child)Retirement timeline 1 Get ready2 Income3 Health care4 Security5 EnjoyResources and supportNotices and disclosures5 of 81 NextPreviousThe last day of the month in which your last day of employment takes placeActive team member coverage ends for the following benefit plans (some of which you may elect to continue in retirement).

6 Medical Dental Vision Health Care Flexible Spending Accounts (FSA) Health Savings Account (HSA) Life insurance Accidental Death and Dismemberment (AD&D) Legal Services Plan Health Reimbursement Account (HRA) LifeCare (resource and referral program)One to two months after retirement Elect COBRA continuation coverage, if needed. Take a distribution from the Stock Purchase Plan. File Health care Flexible Spending Account claims for RETIREMENT DATEYour retirement date(the day after your last day of employment) You can request a distribution from the 401(k) Plan on or after this one month after retirement Decide whether to continue life insurance, AD&D, and Legal Services Plan coverage in retirement.

7 Begin receiving your Cash Balance Plan benefit (if you elected to receive your benefit the first of the month after your retirement).ENJOY!Enjoy your retirement. Use the contact information in the Support Available Along the Way section of this guide to make sure that your contact information and beneficiary designations are up to date throughout your of 81 NextPreviousRetirement timeline1 Get ready2 Income3 Health care4 Security5 EnjoyResources and supportNotices and disclosuresStep 1 Get ready to retireThe first step in your retirement process includes choosing the date you plan to retire. Now that you ve decided you re ready to retire, it s time to consult the calendar and choose a retirement date. When choosing a date, make sure that you allow yourself adequate time to prepare.

8 Generally, there are actions you ll want to begin taking about 90 days in advance of your retirement s my retirement date?Your retirement date is always the day after your last day of employment. For example, if your last day of employment is March 5, your retirement date is March 6 even if March 6 is a weekend or a of 81 NextPreviousRetirement timeline1 Get ready2 Income3 Health care4 Security5 EnjoyResources and supportNotices and disclosuresKeep in mind that there are no specific requirements you must meet to retire or end your employment with Wells Fargo . However, there are various eligibility requirements for certain benefits and compensation plans, which you ll want to consider as you re selecting a retirement may be eligible health care:Access to retiree health care coverage under the Wells Fargo & Company Retiree Plan.

9 This includes Wells Fargo -sponsored retiree medical plans (and dental plan if you are under age 65).A limited number of team members are also eligible for a subsidy toward the cost of Wells Fargo -sponsored retiree medical you are eligible for Medicare but you are not eligible to receive a subsidy toward the cost of Wells Fargo -sponsored retiree medical coverage, you will be able to enroll in individual Medicare-eligible medical coverage through a voluntary Medicare coordinator service called Via Benefits rather than coverage under a Wells Fargo -sponsored Medicare Advantage step 3: Decide Upon Health Care Coverage in Retirement for more continuation of Optional Term Life coverage:You may elect to continue your group Optional Term Life coverage in retirement and you will not be required to complete a medical exam or provide a Statement of Health.

10 Rates are determined by Metropolitan Life Insurance Company (MetLife) based on your age and tobacco-use step 4: Evaluate Financial Protection Benefits for more you meet these eligibility a benefits-eligible full-time or part-time position on your last day of employment and meet one of the following: Age 55 with at least 10 completed years of service, Age 65 with at least one completed year of service, 80 points (based on age + completed years of service), or If you were: In a benefits-eligible position and on Wachovia s payroll as of December 31, 2009, and your age plus full years of service equaled 50 or greater as of January 1, 2010, and On your last day of employment with Wells Fargo you are at least age 50 with 10 or more full years of , if you terminated employment and were rehired within six months of your termination, your prior service counts in calculating the eligibility completed years of service are measured from your corporate hire date or adjusted service date, whichever is earlier.