Wells Fargo's K Plan Gets mPower Advice

June 18, 2002 (PLANSPONSOR.com) - Participants in the Wells Fargo & Company 401(k) plan will now have access to mPower's online advice program, mPower announced.

Through mPower’s Personal Advisor, the 100,000 Wells Fargo participants can get online financial advice, investing education, and the ability to manage their accounts via the Internet.

Beyond the 401(k) plan, mPower’s advice services cover Wells Fargo’s cash balance pension plan and non-qualified supplemental plans as well as a deferred compensation plan.

mPower also worked closely with Wells Fargo to educate employees about Personal Advisor through e-mail alerts.

In coming months, Wells Fargo will work with mPower to implement an employee education campaign that highlights the need for periodic portfolio review based on:

  • changes in personal goals,
  • changes in risk tolerance, and
  • long-term market factors