511.77 on 8/17
11 replies (most recent on top)
@wy - https://wellsfargoesopsettlement.com/
Any link on what this was for?
@p9 I saw that. I’ve already maxed out my contributions this year so this better not result in a penalty
It looks like an employee pre-tax contribution of $500. I don’t understand why it’s classified that way.
Recd $1846 on 8/22
I already rolled my 401k over after being laid off. Received a paper check this week.
@d6 are we expecting more payments? Looks like I received two deposits?
Per AI -
The Fund to Participant Ratio: The Net Settlement Fund available for distribution is roughly $63.8 million (after subtracting the $20 million in legal fees and administrative costs from the $84 million total). Dividing that evenly across the roughly 425,000 eligible class members results in an average mathematical payout of about $150 per person.Pro-Rata Upside: Because it is a pro-rata distribution, funds are allocated heavier to those who held more shares. Since many short-term employees or low-balance accounts will receive very small payouts (down to the $10 minimum rule), participants with higher average plan balances or longer holding periods across the 14 historical tracking dates are naturally skewed into much higher tiers
I got $195.47 as a pre-tax contribution in my account. How is the amount calculate?
Can’t help but wonder about all the many ways Wells Fargo has illegally f’d their employees over and no one caught them. “Where you see one ro--h….”
You'll likely continue to get multiple checks from settlements AFTER you rollover your 401k to another instrument as Stumpf, Sloan, and not Sharf (yeah, how about staying away from the S's) cannot keep themselves or their underlings from creating havoc and operating a dubious company. The lawsuits just keep on coming and Baby Sharf just keeps that $h!t eating grin pasted on his face (I still believe he is the illegitimate son of Klaus Schwab and that white fabric he calls hair is really a rug of biodegradable biopolymers because they are really trying to save the earth.....at the expense of the human race). Du wirst nix besitzen und glücklich sein.