256 employees reported this benefit
They DO NOT match on 401k. You put in whatever amount you want but they will not match like every other company in America.
you can start your 401 K, But Company will not match until 1 year or more, depends on your joining date.
Weak. You get full match up to 3% and then 50% on the next 2% however you have to been employed at least a year and then the next semi-annual period after that before you are eligible for matching. I started in August and then had to work 18 months before matching. Not cool!
Third party company 401k offered.
401k is covered in wipro
they have good 401k plan and they will match 75% of your 5% of your salary
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.
market standards and match upto %
Partial matching starts after 18-24 months, depending on joining date.
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.