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Sale of Wells Fargo to The Principal

On April 9, 2019, Wells Fargo announced that it entered into an agreement with Principal Financial Group to sell its Institutional Retirement & Trust business. Principal Financial Group is a well-respected company with a long history of serving the retirement needs of millions of individuals. The transaction, which is expected to close early in the third quarter, subject to receipt of required regulatory approval, creates one of the largest retirement providers in the industry with a common mission focused on helping a global workforce prepare for a better retirement. The unmatched scale, breadth of capabilities, and talent within the two organizations will foster continued innovation and thought leadership.
Both Principal and Wells Fargo Institutional Retirement & Trust are committed to a very deliberate and thoughtful transition with a singular focus on uninterrupted service while delivering the best of the combined firms. You should expect to receive the same exceptional service you have always received and there will be no immediate changes to how you access your account online at wellsfargo.com, through the mobile app or the Retirement Service Center at 1-866-728-3357. If changes occur in the future, we will communicate those changes to you in advance. For now it is business as usual with Wells Fargo.