At Wells, we value our team members and are committed to providing a competitive and comprehensive benefits package. For a complete list of benefits, please contact us.
Paid Time Off (PTO)
Nine paid holidays plus paid time off are provided, with the PTO ranging from 15 days for new team members and up to 25 days for team members with 20 or more years of service.
Health, Dental, and Vision Insurance + Savings Accounts
Wells sponsors two different plans for each type of coverage — Health, Dental and Vision — allowing team members the flexibility to select the optimal coverage levels for themselves and/or their families. Various savings accounts enable employees to set aside before-tax dollars to pay for qualified health care expenses and qualified dependent care expenses (i.e. daycare, before and after school care, etc.) are available.
Disability Insurance + Life Insurance
Company-paid short-term and long-term disability coverage is provided in the event a team member becomes ill or injured and unable to work. Team members are also covered under company-paid life insurance. Team members can purchase additional life insurance covering themselves and/or their eligible spouse and dependents without any evidence of insurability at the time of new hire.
Training + Educational Assistance
Company-paid job-related training and educational assistance is available.
Wellness Incentives
Company-paid health risk assessments and coaching is offered to eligible team members and spouses. Participating team members receive an incentive which is $1,196 per year starting in 2023, and participating spouses also receive a $1,196 incentive per year starting in 2023. The assessments and coaching are confidential and performed by a third party.
401(k) + Profit Sharing
Wells sponsors a 401(k) plan that, once service requirements are met, allows team members to set aside before-tax or after-tax (Roth feature) contributions into an array of investment alternatives. Through the 401(k) plan administrator, participants have access to many retirement planning tools and educational materials.
Eligible team members may also receive company-paid profit-sharing contributions as determined by the Board of Directors each year. A history of profit-sharing contributions covering recent plan years includes:
| PLAN YEAR END | PROFIT-SHARING CONTRIBUTION (as a % of eligible compensation) |
| 2018 | 3.68% |
| 2019 | 6.26% |
| 2020 | 3.97% |
| 2021 | 5.75% |
| 2022 | 3.81% |
| 2023 | 4.77% |
| 2024 | 5% |
Benefits listed above are for Wells' non-union team members. Benefits for our union team members are covered under separate collective bargaining agreements, which can be obtained by our union team members through their union business agent or their HR representative.
Please note that our benefits package is subject to change at any time.