Retirement plan

WIPRO LIMITED 401(K) PLAN

Name: WIPRO LIMITED - WIPRO LIMITED 401(K) PLAN (2019) Form 5500
Creator: WIPRO LIMITED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WIPRO LIMITED 401(K) PLAN, WIPRO LIMITED

WIPRO LIMITEDEIN 98-0154401Plan #001PY 2019

2 TOWER CENTER BLVD FL 22 - EAST BRUNSWICK, NJ 088161100732-509-1500

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$472.2M

-18.5% from 2016

Total participants

17,370

-1.7% from 2016

Average account balance

$48,633

+1.2% from 2016

Annual return

24.61%

-11.27 pp from 2016

Benchmarks

See 86 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants>=10,000

Cohort86 peers

Snapshot2019

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$831.16M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$70K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

11,790

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

60.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$104.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.95%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$78

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 5 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND3 years Service code 13 · EIN 06-1050034	Contract Administrator	$710,943
RICAEDIA, LLC3 years Service code 14 · EIN 61-2199996	Plan Administrator	$136,844
AMERICAN FUNDS5+ years Filed as: NEWPORT CAPITAL GROUP Service code 27 · EIN 86-1109193	Advisory (Plan)	$72,092
OGLETREE DEAKINS3 years Filed as: OGLETREE DEAKINS NASH SMOAK & STEWA Service code 14 · EIN 57-1044820	Plan Administrator	$41,011
MOSS ADAMS LLP2 years Filed as: MOSS ADAMS, LLP Service code 49 · EIN 91-0189318	Other Services	$15,400

Plan features & details

Pension benefit codes2E2F2G2J2K2T3F3H3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$982K

$70 / participant

Other / not subdivided$982K100.0%

% of EOY assets

0.208%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MOSS ADAMS
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,633

$81,961-40.7%

$141,200-65.6%

$89,609-45.7%

Participation rate

45.6%

64.9%-19.3pp

82.5%-36.9pp

69.6%-24.0pp

Annual return

24.61%

36.14%-11.5pp

71.41%-46.8pp

33.65%-9.0pp

Employer contribution / active EE

$1,226

$2,268-45.9%

$4,736-74.1%

$2,584-52.6%

Participant deferral / active EE

$3,900

$5,316-26.6%

$6,710-41.9%

$4,222-7.6%

Admin fee / account holder

$101

$68+48.6%

$10,265-99.0%

$72+41.2%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND3 years

Service code 13 · EIN 06-1050034

Contract Administrator

$710,943

RICAEDIA, LLC3 years

Service code 14 · EIN 61-2199996

Plan Administrator

$136,844

AMERICAN FUNDS5+ years

Filed as: NEWPORT CAPITAL GROUP

Service code 27 · EIN 86-1109193

Advisory (Plan)

$72,092

OGLETREE DEAKINS3 years

Filed as: OGLETREE DEAKINS NASH SMOAK & STEWA

Service code 14 · EIN 57-1044820

Plan Administrator

$41,011

MOSS ADAMS LLP2 years

Filed as: MOSS ADAMS, LLP

Service code 49 · EIN 91-0189318

Other Services

$15,400

WIPRO LIMITED 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WIPRO LIMITED 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion