Wells Fargo & Co. has revealed more details about its new compensation plan for retail-banking employees.

The San Francisco-based bank (NYSE: WFC) -- Colorado's largest -- has previously said it was working on a program for paying and incentivizing retail bankers. Executives now have outlined what that plan looks like.

The new compensation plan comes after it was revealed that Wells Fargo employees opened up to 2 million unauthorized accounts to meet sales goals. Regulators fined the bank $185 million in September as a result. READ MORE