Wipro Employee Benefit: 401K Plan | Glassdoor

Wipro 401K Plan

240 employees reported this benefit

3.1
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Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 44
  • Nov 18, 2017
    StarStarStarStarStar Current Employee in Lake Forest, California

    they have good 401k plan and they will match 75% of your 5% of your salary

  • Nov 14, 2017
    StarStarStarStarStar Current Project Engineer in Endicott, New York State

    Full match for only 3 percent, then half match for next 2 percent paid quarterly and requires a year before kicks in. I had better 401ks working in retail during my college years. No bonus options, the plan itself has some fees that were obviously not negotiated very well.

  • Nov 05, 2017
    StarStarStarStarStar Current Senior Network Security Engineer in Tempe, Arizona

    market standards and match upto %

  • Oct 29, 2017
    StarStarStarStarStarEmployee

    Partial matching starts after 18-24 months, depending on joining date.

  • Jul 23, 2017
    StarStarStarStarStarEmployee

    No employer match for initial 18 months of employment. After the initial period, the maximum match is capped at 3% of 90K of your salary. Beware, Wipro does not allow employees to transfer the 401K funds after leaving the company for 6 months, that includes the money contributed by employee from salary, with zero match from employer. The company is having 20K employees in US approx. and suppose each one having an average 100K USD balance in 401K plan, that would mean that the company is holding 20 billion USD of employee's 401K funds and using that money for doing business and gaming stock market. Not sure how far this one is legal though.

  • May 15, 2017
    StarStarStarStarStar Current Project Manager in Boston, Massachusetts

    You will not see any clear guidelines how to enroll for 401K . If you are a genius you will fgure out after

  • Apr 22, 2017
    StarStarStarStarStar Current Employee in New York, New York State

    Currently, the employee matching is quite sub-market.

  • Jan 23, 2017
    StarStarStarStarStar Current Employee in Dublin, Ohio

    Company contributes to 401(k) plan upto 6%

  • Jan 19, 2017
    StarStarStarStarStar Current IT Asset Management Analyst in East Hanover, New Jersey

    i hear its great but have yet to enroll smh

  • Nov 14, 2016
    StarStarStarStarStar Current Project Manager in Lexington-Fayette, Kentucky

    Anything from good to excellent.


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