Wipro Employee Benefit: 401K Plan | Glassdoor

Wipro 401K Plan

256 employees reported this benefit

2.9
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Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 49
  • Apr 10, 2018
    StarStarStarStarStar Current IT Engineer in Plano, Texas

    They DO NOT match on 401k. You put in whatever amount you want but they will not match like every other company in America.

  • Mar 14, 2018
    StarStarStarStarStar Current Business Systems Analyst in Mount Laurel, New Jersey

    you can start your 401 K, But Company will not match until 1 year or more, depends on your joining date.

  • Feb 09, 2018
    StarStarStarStarStar Former Sr. Infrastructure Architect in New Brunswick, New Jersey

    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!

  • Dec 16, 2017
    StarStarStarStarStar Current CSR in Atlanta, Georgia

    Third party company 401k offered.

  • Dec 03, 2017
    StarStarStarStarStar Former Project Manager in San Jose, California

    401k is covered in wipro

  • 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.


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