It looks like the aftermarket supplier of the upper mast bearing was a bit too generous with the length of the wire. My original wire, which is being reused, extends out maybe 3-4 inches thru the hole. I would have been inclined to shorten the wire. But that being said, you'll probably be fine with stuffing the excess back into the column. It's unlikely that it will wear thru in your lifetime, even if it does contact the steering shaft.
