401k Plan data: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN plan

THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 401k Plan overview

Plan Name	THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN
Plan identification number	001

THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

THE WELLS GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name: THE WELLS GROUP, INC.

Employer identification number (EIN): 742178054

NAIC Classification: 423200

Additional information about THE WELLS GROUP, INC.

Jurisdiction of Incorporation: Texas Secretary of State

Incorporation Date: 1981-05-13

Company Identification Number: 0056200900

Legal Registered Office Address: 2323 W SAM HOUSTON PKWY N

HOUSTON
United States of America (USA)
77043

More information about THE WELLS GROUP, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-09-01
001 2021-09-01
001 2020-09-01
001 2019-09-01
001 2018-09-01
001 2017-09-01
001 2016-09-01 KIFLE TEWELDE
001 2016-09-01
001 2015-09-01 KIFLE TEWELDE
001 2014-09-01 KIFLE TEWELDE 2016-02-18 KIFLE TEWELDE 2016-02-18
001 2013-09-01 KIFLE TEWELDE 2015-03-17 KIFLE TEWELDE 2015-03-17
001 2012-09-01 KIFLE TEWELDE 2014-03-12 KIFLE TEWELDE 2014-03-12
001 2011-09-01 KIFLE TEWELDE 2013-03-25 KIFLE TEWELDE 2013-03-25
001 2010-09-01 KIFLE TEWELDE 2012-03-05 KIFLE TEWELDE 2012-03-05

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-09-01
001	2021-09-01
001	2020-09-01
001	2019-09-01
001	2018-09-01
001	2017-09-01
001	2016-09-01	KIFLE TEWELDE
001	2016-09-01
001	2015-09-01	KIFLE TEWELDE
001	2014-09-01	KIFLE TEWELDE	2016-02-18	KIFLE TEWELDE	2016-02-18
001	2013-09-01	KIFLE TEWELDE	2015-03-17	KIFLE TEWELDE	2015-03-17
001	2012-09-01	KIFLE TEWELDE	2014-03-12	KIFLE TEWELDE	2014-03-12
001	2011-09-01	KIFLE TEWELDE	2013-03-25	KIFLE TEWELDE	2013-03-25
001	2010-09-01	KIFLE TEWELDE	2012-03-05	KIFLE TEWELDE	2012-03-05

Plan Statistics for THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN

Measure Date Value
2022: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year 2022-09-01 29
Total number of active participants reported on line 7a of the Form 5500 2022-09-01 19
Number of retired or separated participants receiving benefits 2022-09-01 0
Number of other retired or separated participants entitled to future benefits 2022-09-01 10
Total of all active and inactive participants 2022-09-01 29
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-09-01 0
Total participants 2022-09-01 29
Number of participants with account balances 2022-09-01 24
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-09-01 0
2021: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year 2021-09-01 34
Total number of active participants reported on line 7a of the Form 5500 2021-09-01 20
Number of retired or separated participants receiving benefits 2021-09-01 0
Number of other retired or separated participants entitled to future benefits 2021-09-01 9
Total of all active and inactive participants 2021-09-01 29
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-09-01 0
Total participants 2021-09-01 29
Number of participants with account balances 2021-09-01 25
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-09-01 0
2020: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year 2020-09-01 29
Total number of active participants reported on line 7a of the Form 5500 2020-09-01 24
Number of retired or separated participants receiving benefits 2020-09-01 0
Number of other retired or separated participants entitled to future benefits 2020-09-01 10
Total of all active and inactive participants 2020-09-01 34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-09-01 0
Total participants 2020-09-01 34
Number of participants with account balances 2020-09-01 26
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-09-01 0
2019: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year 2019-09-01 30
Total number of active participants reported on line 7a of the Form 5500 2019-09-01 24
Number of retired or separated participants receiving benefits 2019-09-01 0
Number of other retired or separated participants entitled to future benefits 2019-09-01 5
Total of all active and inactive participants 2019-09-01 29
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-09-01 0
Total participants 2019-09-01 29
Number of participants with account balances 2019-09-01 24
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-09-01 0
2018: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2018 401k membership
Total participants, beginning-of-year 2018-09-01 38
Total number of active participants reported on line 7a of the Form 5500 2018-09-01 25
Number of retired or separated participants receiving benefits 2018-09-01 0
Number of other retired or separated participants entitled to future benefits 2018-09-01 5
Total of all active and inactive participants 2018-09-01 30
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-09-01 0
Total participants 2018-09-01 30
Number of participants with account balances 2018-09-01 27
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-09-01 1
2017: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year 2017-09-01 35
Total number of active participants reported on line 7a of the Form 5500 2017-09-01 32
Number of other retired or separated participants entitled to future benefits 2017-09-01 6
Total of all active and inactive participants 2017-09-01 38
Total participants 2017-09-01 38
Number of participants with account balances 2017-09-01 30
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-09-01 1
2016: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year 2016-09-01 35
Total number of active participants reported on line 7a of the Form 5500 2016-09-01 32
Number of other retired or separated participants entitled to future benefits 2016-09-01 3
Total of all active and inactive participants 2016-09-01 35
Total participants 2016-09-01 35
Number of participants with account balances 2016-09-01 27
2015: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year 2015-09-01 33
Total number of active participants reported on line 7a of the Form 5500 2015-09-01 33
Number of retired or separated participants receiving benefits 2015-09-01 0
Number of other retired or separated participants entitled to future benefits 2015-09-01 2
Total of all active and inactive participants 2015-09-01 35
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-09-01 0
Total participants 2015-09-01 35
Number of participants with account balances 2015-09-01 26
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-09-01 0

Measure	Date	Value
2022: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year	2022-09-01	29
Total number of active participants reported on line 7a of the Form 5500	2022-09-01	19
Number of retired or separated participants receiving benefits	2022-09-01	0
Number of other retired or separated participants entitled to future benefits	2022-09-01	10
Total of all active and inactive participants	2022-09-01	29
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-09-01	0
Total participants	2022-09-01	29
Number of participants with account balances	2022-09-01	24
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-09-01	0
2021: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year	2021-09-01	34
Total number of active participants reported on line 7a of the Form 5500	2021-09-01	20
Number of retired or separated participants receiving benefits	2021-09-01	0
Number of other retired or separated participants entitled to future benefits	2021-09-01	9
Total of all active and inactive participants	2021-09-01	29
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-09-01	0
Total participants	2021-09-01	29
Number of participants with account balances	2021-09-01	25
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-09-01	0
2020: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year	2020-09-01	29
Total number of active participants reported on line 7a of the Form 5500	2020-09-01	24
Number of retired or separated participants receiving benefits	2020-09-01	0
Number of other retired or separated participants entitled to future benefits	2020-09-01	10
Total of all active and inactive participants	2020-09-01	34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-09-01	0
Total participants	2020-09-01	34
Number of participants with account balances	2020-09-01	26
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-09-01	0
2019: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year	2019-09-01	30
Total number of active participants reported on line 7a of the Form 5500	2019-09-01	24
Number of retired or separated participants receiving benefits	2019-09-01	0
Number of other retired or separated participants entitled to future benefits	2019-09-01	5
Total of all active and inactive participants	2019-09-01	29
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-09-01	0
Total participants	2019-09-01	29
Number of participants with account balances	2019-09-01	24
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-09-01	0
2018: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2018 401k membership
Total participants, beginning-of-year	2018-09-01	38
Total number of active participants reported on line 7a of the Form 5500	2018-09-01	25
Number of retired or separated participants receiving benefits	2018-09-01	0
Number of other retired or separated participants entitled to future benefits	2018-09-01	5
Total of all active and inactive participants	2018-09-01	30
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-09-01	0
Total participants	2018-09-01	30
Number of participants with account balances	2018-09-01	27
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-09-01	1
2017: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year	2017-09-01	35
Total number of active participants reported on line 7a of the Form 5500	2017-09-01	32
Number of other retired or separated participants entitled to future benefits	2017-09-01	6
Total of all active and inactive participants	2017-09-01	38
Total participants	2017-09-01	38
Number of participants with account balances	2017-09-01	30
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-09-01	1
2016: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year	2016-09-01	35
Total number of active participants reported on line 7a of the Form 5500	2016-09-01	32
Number of other retired or separated participants entitled to future benefits	2016-09-01	3
Total of all active and inactive participants	2016-09-01	35
Total participants	2016-09-01	35
Number of participants with account balances	2016-09-01	27
2015: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year	2015-09-01	33
Total number of active participants reported on line 7a of the Form 5500	2015-09-01	33
Number of retired or separated participants receiving benefits	2015-09-01	0
Number of other retired or separated participants entitled to future benefits	2015-09-01	2
Total of all active and inactive participants	2015-09-01	35
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-09-01	0
Total participants	2015-09-01	35
Number of participants with account balances	2015-09-01	26
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-09-01	0

Financial Data on THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN

Measure	Date	Value
2023 : THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2023 401k financial data
Transfers to/from the plan	2023-08-31	$0
Total plan liabilities at end of year	2023-08-31	$0
Total plan liabilities at beginning of year	2023-08-31	$0
Total income from all sources	2023-08-31	$877,112
Expenses. Total of all expenses incurred	2023-08-31	$183,925
Benefits paid (including direct rollovers)	2023-08-31	$182,844
Total plan assets at end of year	2023-08-31	$5,721,797
Total plan assets at beginning of year	2023-08-31	$5,028,610
Value of fidelity bond covering the plan	2023-08-31	$500,000
Assets. Value of tangible personal property	2023-08-31	$0
Total contributions received or receivable from participants	2023-08-31	$153,176
Assets. Value of loans (other than to participants)	2023-08-31	$0
Expenses. Other expenses not covered elsewhere	2023-08-31	$0
Contributions received from other sources (not participants or employers)	2023-08-31	$0
Other income received	2023-08-31	$615,541
Noncash contributions received	2023-08-31	$0
Net income (gross income less expenses)	2023-08-31	$693,187
Net plan assets at end of year (total assets less liabilities)	2023-08-31	$5,721,797
Net plan assets at beginning of year (total assets less liabilities)	2023-08-31	$5,028,610
Assets. Value of participant loans	2023-08-31	$91,007
Assets. Value of assets in partnership/joint-venture interests	2023-08-31	$0
Assets. Value of real-estate (other than employer real property)	2023-08-31	$0
Assets. Value of employer securities	2023-08-31	$0
Assets. Value of employer real property	2023-08-31	$0
Total contributions received or receivable from employer(s)	2023-08-31	$108,395
Value of certain deemed distributions of participant loans	2023-08-31	$0
Value of corrective distributions	2023-08-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2023-08-31	$1,081
2022 : THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2022 401k financial data
Transfers to/from the plan	2022-08-31	$0
Total plan liabilities at end of year	2022-08-31	$0
Total plan liabilities at beginning of year	2022-08-31	$0
Total income from all sources	2022-08-31	$-523,214
Expenses. Total of all expenses incurred	2022-08-31	$181,590
Benefits paid (including direct rollovers)	2022-08-31	$178,070
Total plan assets at end of year	2022-08-31	$5,028,610
Total plan assets at beginning of year	2022-08-31	$5,733,414
Value of fidelity bond covering the plan	2022-08-31	$500,000
Assets. Value of tangible personal property	2022-08-31	$0
Total contributions received or receivable from participants	2022-08-31	$134,274
Assets. Value of loans (other than to participants)	2022-08-31	$0
Expenses. Other expenses not covered elsewhere	2022-08-31	$0
Contributions received from other sources (not participants or employers)	2022-08-31	$0
Other income received	2022-08-31	$-745,240
Noncash contributions received	2022-08-31	$0
Net income (gross income less expenses)	2022-08-31	$-704,804
Net plan assets at end of year (total assets less liabilities)	2022-08-31	$5,028,610
Net plan assets at beginning of year (total assets less liabilities)	2022-08-31	$5,733,414
Assets. Value of participant loans	2022-08-31	$57,532
Assets. Value of assets in partnership/joint-venture interests	2022-08-31	$0
Assets. Value of real-estate (other than employer real property)	2022-08-31	$0
Assets. Value of employer securities	2022-08-31	$0
Assets. Value of employer real property	2022-08-31	$0
Total contributions received or receivable from employer(s)	2022-08-31	$87,752
Value of certain deemed distributions of participant loans	2022-08-31	$2,751
Value of corrective distributions	2022-08-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2022-08-31	$769
2021 : THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2021 401k financial data
Transfers to/from the plan	2021-08-31	$0
Total plan liabilities at end of year	2021-08-31	$0
Total plan liabilities at beginning of year	2021-08-31	$0
Total income from all sources	2021-08-31	$1,590,740
Expenses. Total of all expenses incurred	2021-08-31	$144,267
Benefits paid (including direct rollovers)	2021-08-31	$141,647
Total plan assets at end of year	2021-08-31	$5,733,414
Total plan assets at beginning of year	2021-08-31	$4,286,941
Value of fidelity bond covering the plan	2021-08-31	$500,000
Assets. Value of tangible personal property	2021-08-31	$0
Total contributions received or receivable from participants	2021-08-31	$124,203
Assets. Value of loans (other than to participants)	2021-08-31	$0
Expenses. Other expenses not covered elsewhere	2021-08-31	$0
Contributions received from other sources (not participants or employers)	2021-08-31	$0
Other income received	2021-08-31	$1,379,651
Noncash contributions received	2021-08-31	$0
Net income (gross income less expenses)	2021-08-31	$1,446,473
Net plan assets at end of year (total assets less liabilities)	2021-08-31	$5,733,414
Net plan assets at beginning of year (total assets less liabilities)	2021-08-31	$4,286,941
Assets. Value of participant loans	2021-08-31	$54,292
Assets. Value of assets in partnership/joint-venture interests	2021-08-31	$0
Assets. Value of real-estate (other than employer real property)	2021-08-31	$0
Assets. Value of employer securities	2021-08-31	$0
Assets. Value of employer real property	2021-08-31	$0
Total contributions received or receivable from employer(s)	2021-08-31	$86,886
Value of certain deemed distributions of participant loans	2021-08-31	$1,977
Value of corrective distributions	2021-08-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2021-08-31	$643
2020 : THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2020 401k financial data
Transfers to/from the plan	2020-08-31	$0
Total plan liabilities at end of year	2020-08-31	$0
Total plan liabilities at beginning of year	2020-08-31	$0
Total income from all sources	2020-08-31	$767,718
Expenses. Total of all expenses incurred	2020-08-31	$731,436
Benefits paid (including direct rollovers)	2020-08-31	$730,261
Total plan assets at end of year	2020-08-31	$4,286,941
Total plan assets at beginning of year	2020-08-31	$4,250,659
Value of fidelity bond covering the plan	2020-08-31	$500,000
Assets. Value of tangible personal property	2020-08-31	$0
Total contributions received or receivable from participants	2020-08-31	$141,028
Assets. Value of loans (other than to participants)	2020-08-31	$0
Expenses. Other expenses not covered elsewhere	2020-08-31	$0
Contributions received from other sources (not participants or employers)	2020-08-31	$0
Other income received	2020-08-31	$524,360
Noncash contributions received	2020-08-31	$0
Net income (gross income less expenses)	2020-08-31	$36,282
Net plan assets at end of year (total assets less liabilities)	2020-08-31	$4,286,941
Net plan assets at beginning of year (total assets less liabilities)	2020-08-31	$4,250,659
Assets. Value of participant loans	2020-08-31	$75,009
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year	2020-08-31	$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year	2020-08-31	$0
Assets. Value of assets in partnership/joint-venture interests	2020-08-31	$0
Assets. Value of real-estate (other than employer real property)	2020-08-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2020-08-31	$0
Assets. Value of employer securities	2020-08-31	$0
Assets. Value of employer real property	2020-08-31	$0
Total contributions received or receivable from employer(s)	2020-08-31	$102,330
Value of certain deemed distributions of participant loans	2020-08-31	$0
Value of corrective distributions	2020-08-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-08-31	$1,175
2019 : THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2019 401k financial data
Transfers to/from the plan	2019-08-31	$0
Total plan liabilities at end of year	2019-08-31	$0
Total plan liabilities at beginning of year	2019-08-31	$0
Total income from all sources	2019-08-31	$120,521
Expenses. Total of all expenses incurred	2019-08-31	$86,424
Benefits paid (including direct rollovers)	2019-08-31	$65,722
Total plan assets at end of year	2019-08-31	$4,250,659
Total plan assets at beginning of year	2019-08-31	$4,216,562
Value of fidelity bond covering the plan	2019-08-31	$500,000
Total contributions received or receivable from participants	2019-08-31	$159,303
Expenses. Other expenses not covered elsewhere	2019-08-31	$0
Contributions received from other sources (not participants or employers)	2019-08-31	$0
Other income received	2019-08-31	$-154,543
Noncash contributions received	2019-08-31	$0
Net income (gross income less expenses)	2019-08-31	$34,097
Net plan assets at end of year (total assets less liabilities)	2019-08-31	$4,250,659
Net plan assets at beginning of year (total assets less liabilities)	2019-08-31	$4,216,562
Assets. Value of participant loans	2019-08-31	$58,204
Total contributions received or receivable from employer(s)	2019-08-31	$115,761
Value of certain deemed distributions of participant loans	2019-08-31	$0
Value of corrective distributions	2019-08-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-08-31	$20,702
2017 : THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2017 401k financial data
Transfers to/from the plan	2017-08-31	$0
Total plan liabilities at end of year	2017-08-31	$0
Total plan liabilities at beginning of year	2017-08-31	$0
Total income from all sources	2017-08-31	$666,981
Expenses. Total of all expenses incurred	2017-08-31	$24,331
Benefits paid (including direct rollovers)	2017-08-31	$9,000
Total plan assets at end of year	2017-08-31	$3,412,453
Total plan assets at beginning of year	2017-08-31	$2,769,803
Value of fidelity bond covering the plan	2017-08-31	$500,000
Total contributions received or receivable from participants	2017-08-31	$176,080
Expenses. Other expenses not covered elsewhere	2017-08-31	$0
Contributions received from other sources (not participants or employers)	2017-08-31	$0
Other income received	2017-08-31	$355,172
Noncash contributions received	2017-08-31	$0
Net income (gross income less expenses)	2017-08-31	$642,650
Net plan assets at end of year (total assets less liabilities)	2017-08-31	$3,412,453
Net plan assets at beginning of year (total assets less liabilities)	2017-08-31	$2,769,803
Assets. Value of participant loans	2017-08-31	$49,644
Total contributions received or receivable from employer(s)	2017-08-31	$135,729
Value of certain deemed distributions of participant loans	2017-08-31	$0
Value of corrective distributions	2017-08-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2017-08-31	$15,331
2016 : THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2016 401k financial data
Transfers to/from the plan	2016-08-31	$0
Total plan liabilities at end of year	2016-08-31	$0
Total plan liabilities at beginning of year	2016-08-31	$0
Total income from all sources	2016-08-31	$395,068
Expenses. Total of all expenses incurred	2016-08-31	$28,655
Benefits paid (including direct rollovers)	2016-08-31	$16,841
Total plan assets at end of year	2016-08-31	$2,769,803
Total plan assets at beginning of year	2016-08-31	$2,403,390
Value of fidelity bond covering the plan	2016-08-31	$500,000
Total contributions received or receivable from participants	2016-08-31	$150,655
Expenses. Other expenses not covered elsewhere	2016-08-31	$0
Contributions received from other sources (not participants or employers)	2016-08-31	$0
Other income received	2016-08-31	$141,186
Noncash contributions received	2016-08-31	$0
Net income (gross income less expenses)	2016-08-31	$366,413
Net plan assets at end of year (total assets less liabilities)	2016-08-31	$2,769,803
Net plan assets at beginning of year (total assets less liabilities)	2016-08-31	$2,403,390
Assets. Value of participant loans	2016-08-31	$60,728
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2016-08-31	$0
Total contributions received or receivable from employer(s)	2016-08-31	$103,227
Value of certain deemed distributions of participant loans	2016-08-31	$0
Value of corrective distributions	2016-08-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2016-08-31	$11,814

Form 5500 Responses for THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN

2022: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2022 form 5500 responses
2022-09-01	Type of plan entity	Single employer plan
2022-09-01	This submission is the final filing	No
2022-09-01	Plan is a collectively bargained plan	No
2022-09-01	Plan funding arrangement – Trust	Yes
2022-09-01	Plan benefit arrangement - Trust	Yes
2021: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2021 form 5500 responses
2021-09-01	Type of plan entity	Single employer plan
2021-09-01	This submission is the final filing	No
2021-09-01	Plan is a collectively bargained plan	No
2021-09-01	Plan funding arrangement – Trust	Yes
2021-09-01	Plan benefit arrangement - Trust	Yes
2020: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2020 form 5500 responses
2020-09-01	Type of plan entity	Single employer plan
2020-09-01	Submission has been amended	No
2020-09-01	This submission is the final filing	No
2020-09-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-09-01	Plan is a collectively bargained plan	No
2020-09-01	Plan funding arrangement – Trust	Yes
2020-09-01	Plan benefit arrangement - Trust	Yes
2019: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2019 form 5500 responses
2019-09-01	Type of plan entity	Single employer plan
2019-09-01	This submission is the final filing	No
2019-09-01	Plan is a collectively bargained plan	No
2019-09-01	Plan funding arrangement – Trust	Yes
2019-09-01	Plan benefit arrangement - Trust	Yes
2018: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2018 form 5500 responses
2018-09-01	Type of plan entity	Single employer plan
2018-09-01	Submission has been amended	No
2018-09-01	This submission is the final filing	No
2018-09-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-09-01	Plan is a collectively bargained plan	No
2018-09-01	Plan funding arrangement – Trust	Yes
2018-09-01	Plan benefit arrangement - Trust	Yes
2017: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2017 form 5500 responses
2017-09-01	Type of plan entity	Single employer plan
2017-09-01	Submission has been amended	No
2017-09-01	This submission is the final filing	No
2017-09-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-09-01	Plan is a collectively bargained plan	No
2017-09-01	Plan funding arrangement – Trust	Yes
2017-09-01	Plan benefit arrangement - Trust	Yes
2016: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2016 form 5500 responses
2016-09-01	Type of plan entity	Single employer plan
2016-09-01	Submission has been amended	No
2016-09-01	This submission is the final filing	No
2016-09-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-09-01	Plan is a collectively bargained plan	No
2016-09-01	Plan funding arrangement – Trust	Yes
2016-09-01	Plan benefit arrangement - Trust	Yes
2015: THE WELLS GROUP, INC. 401K RETIREMENT SAVINGS PLAN 2015 form 5500 responses
2015-09-01	Type of plan entity	Single employer plan
2015-09-01	Submission has been amended	No
2015-09-01	This submission is the final filing	No
2015-09-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-09-01	Plan is a collectively bargained plan	No
2015-09-01	Plan funding arrangement – Insurance	Yes
2015-09-01	Plan funding arrangement – Trust	Yes
2015-09-01	Plan benefit arrangement – Insurance	Yes
2015-09-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

426992

Policy instance

Insurance contract or identification number	426992
Number of Individuals Covered	0
Insurance policy start date	2015-09-01
Insurance policy end date	2015-09-30
Total amount of commissions paid to insurance broker	USD $1,449
Total amount of fees paid to insurance company	USD $46
Are there contracts with allocated funds for individual policies?	No
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $1,449
Amount paid for insurance broker fees	46
Additional information about fees paid to insurance broker	REFERRAL/SERVICE FEE
Insurance broker organization code?	3
Insurance broker name	CALVERT, KEVIN P

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Company Name:	THE WELLS GROUP, INC.
Employer identification number (EIN):	742178054
NAIC Classification:	423200

Jurisdiction of Incorporation:	Texas Secretary of State
Incorporation Date:	1981-05-13
Company Identification Number:	0056200900
Legal Registered Office Address:	2323 W SAM HOUSTON PKWY N HOUSTON United States of America (USA) 77043