Wipro Limited 401(k) Review & Grade
Wipro Limited 401(k) Plan
East Brunswick, NJProfessional, Scientific & Technical Services11,661 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,363Employer $ per active participant
$6,621Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$831.2MNet plan assets, end of year
$70,497Average balance per account
Score breakdown
- Employer generosity18.8 / 5038th percentile for employer $ per participant
- Low cost9.1 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 10,000+ active participants (70 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 37th |
| Employee saving | 36th |
| Peers that auto-enroll | 39% |
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Red flags from the filing
Corrective distributions: the plan refunded $54,255 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Wipro Limited put in about $2,363 per active participant, below the typical peer ($2,932). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $27,560,252 |
| Participant (employee) contributions | $77,208,258 |
| Other contributions (incl. rollovers in) | $8,172,078 |
| Administrative expenses paid from the plan | $925,461 |
| Benefits paid out | $109,184,131 |
| Net assets, start / end of year | $714.5M / $831.2M |
| Active participants, start / end of year | 12,243 / 11,079 |
| Participants with account balances | 11,790 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Alight Solutions LLC | $874,387 reported compensation |
| Moss Adams, LLP | $29,500 reported compensation |
| Ogletree Deakins | $21,574 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015111106NAL0002193491001, received 2025-10-15, EIN 98-0154401, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.