win r o i)}\ October 2017 Frequently Asked Questions about the Wipro Limited 401(k) Plan

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1 October 2017 Frequently Asked Questions about the Wipro Limited 401(k) Plan win r o i)}\ r. 1. When were the account assets that transferred from Principal invested in the new funds at Prudential Retirement? The trade date was August 2, Where can I get information about the move to Prudential? Please refer to the transition notice that was mailed to your home in mid-june. Go to the Forms & Documents tab on wipro.retirepru.com. There you ll find the: Transition Notice This contains important dates about the transition, details about what s changing and information about where to go with questions. Blackout Fund Mapping Notice This contains a complete listing of the investment lineup at Prudential and a detailed explanation of the asset transfer process. 3. When can I see my contributions on the Prudential website? You ll have full access to your account, online and by phone beginning August 9, Click the Log In button on this site. Or call 877-PRU ( ). Representatives are available weekdays from 8 a.m. to 9 p.m. ET. 4. Why would my account balance be different at Prudential than at Principal? Your investments were sold by Principal Financial Group and the assets were wired to Prudential Retirement. That means your assets were out of the market for at least one day and subject to market movement, even if you chose, or were mapped to, similar funds. The assets were liquidated at Principal Financial Group on August 1, 2017 at 4 p.m. ET and transferred to Prudential and invested with a trade on August 2, The blackout period for the transition of the Wipro Limited 401(k) Plan from Principal to Prudential was July 20, 2017 at 4 p.m. ET through August 9,

2 5. What is the current rate on the Guaranteed Income Fund (GIF)? The GIF rate is 2.10% through December 31, What is the company match? Safe Harbor Match Wipro contributes $1 for every dollar you contribute to your account, up to 3% of your eligible pay. Wipro also contributes $.50 for every dollar you contribute, up to the next 2% of your pay. You re eligible for the matching contribution after you ve completed one year of service, and reach the plan entry date of January 1 or July 1 (whichever is earlier). The match is capped at $120,000 salary and is immediately vested. For additional information, visit mywipro.com. 7. When will I receive the second quarter matching contribution? It will be posted to your account in August or September, after the plan has transitioned to Prudential. 8. How does the automatic rebalancing service work? To ensure their investment allocations stay in line with their goals, investor style and years to retirement, investors periodically consider rebalancing their accounts. This is important because market movement can cause an account to become out of balance with an investor s chosen asset allocation. If you would like this done for you automatically, you can opt-in to (or opt-out of) Prudential s automatic rebalancing service at any time. To opt-in or out, log in to your account or call 877-PRU When will I receive my account login information? The first time you log in to your account, you will be prompted to create your own user ID and password. If you choose to use Prudential s toll-free phone service, 877-PRU-2100 ( ), you will be prompted to create a personal identification number ( PIN ) the first time you call. 2

3 10. How do I make investment elections online? 1. Go to wipro.retirepru.com 2. On the home page, click Log In. 3. Click Register Now under New User? You will be asked to enter basic information to create your account. 4. After you have registered your account, click View Details. 5. Click Investment Allocations in the navigation bar. 6. On the next screen, you can choose your fund allocations by clicking Change Investment Allocations. Changes aren t final until you receive a confirmation number at the end of the transaction. Please print the confirmation page for your records. 11. How often can I make investment changes? You can make investment changes as often as you need to. 12. Are there fees for transferring from one investment to another investment? No. 13. What are the fees associated with my account at Prudential? Below are fees and expenses for general plan administrative services and individual expenses that may apply to your account: Fee Type Fee Amount Frequency Applies to Express Mail Fee $25.00 Per applicable transaction Plan participants who request a distribution that they would like delivered by express mail. 3

4 Basic Administration Fee $60.00 Annual amount deducted quarterly All active plan participants. Hardships/In-service Withdrawals $35.00 Per applicable transaction Plan participants who require a distribution to satisfy an unexpected financial need. Installment Payment $5.00 Per applicable transaction Plan participants who initiate withdrawals that they d like delivered in regular, periodic payments. Qualified Domestic Relations Order (QDRO) Service Charge $ Per applicable transaction Plan participants whose divorce decree requires a division of assets. Direct Service Option (DSO) Account Maintenance Charge $ Annual amount deducted quarterly Terminated plan participants only. Direct Service Option (DSO) Transaction Fee $35.00 Per applicable transaction Terminated plan participants only. For an overview of fees, visit the Forms & Documents tab to view these documents: - Understanding Plan Fees in the Wipro Limited 401(k) Plan - Understanding Retirement Plan Fees and Services For questions related to your account or individual situation, call Prudential at 877-PRU ( ). Representatives are available weekdays, 8 a.m. to 9 p.m. ET. 14. Will Wipro stop my contributions if I reach the IRS maximum contribution limits? The Wipro payroll system monitors employee contributions against the annual IRS contribution limit. It is advisable for you to also track your contributions to ensure your contributions for a given calendar year do not exceed the annual IRS contribution limit. New hires joining mid-year need to track their contributions based on their contributions with their prior employer. 15. Are the fees the same for terminated and active participants? No. Please see the chart above. 4

5 16. Will my beneficiary information transfer from the prior recordkeeper? No. We encourage you to sign into your Prudential account to make new beneficiary elections. To add, change or remove a beneficiary: 1. Go to wipro.retirepru.com. 2. On the home page, click Log In. 3. Click your plan name. 4. Choose Personal Information from the menu on the left. 5. Beneficiary Information is on the right. There you can add, change or remove a beneficiary, at your convenience. 17. Who do I call if I have questions? For questions related to the transition and your account, call Prudential at 877-PRU ( ). Representatives are available weekdays, 8 a.m. to 9 p.m. ET. For general questions please contact Wipro at 401.k@wipro.com. 18. I need to separate part of my account due to a QDRO or court order. Who do I call? Call Prudential at 877-PRU-2100 ( ). You will be transferred to a partner that handles QDROs and related separation requests. You may call them directly at Where can I find a complete list of webinars? Go to the Forms & Documents tab for a list of upcoming webinars. 20. Are there any enhancements to the plan since the move to Prudential? Yes. The plan now offers a new way to help save for retirement Roth contributions. Instead of having all of your contributions deducted from your paycheck before taxes, you may decide to make Roth contributions on an after-tax basis. Here are two potential benefits of making Roth contributions: There are no income restrictions. You can make Roth contributions to the plan even if you ve been restricted from contributing to a Roth IRA. You may be able to withdraw your Roth contributions and any qualified investment gains federal income tax free and penalty free when you reach age 59½ and have had a Roth account for at least five years.* 5

6 *Amounts withdrawn, except for qualified withdrawals from a Roth 401(k), are generally taxed at ordinary income tax rates. Amounts withdrawn before age 59½ may be subject to a 10% federal income tax penalty, applicable taxes and plan restrictions. Neither Prudential Financial nor any of its affiliates provide tax or legal advice for which you should consult your qualified professional. For informational or educational purposes, only. This material is not intended as advice or recommendation about investing or managing your retirement savings. By sharing it, Prudential Retirement is not acting as your fiduciary as defined by the Department of Labor s Fiduciary rule or otherwise. If you need investment advice, please consult with a qualified professional. The Guaranteed Income Fund (GIF) is a group annuity product issued by Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, CT Amounts contributed to the contract are deposited in PRIAC s general account. Payment obligations and the fulfillment of any guarantees specified in the group annuity contract are insurance claims supported by the full faith and credit of PRIAC. PRIAC periodically resets the interest rate credited on contract balances, subject to a minimum rate specified in the group annuity contract. Past interest rates are not indicative of future rates. This product is neither a mutual fund nor a bank product. The obligations of PRIAC are not insured by the FDIC or any other federal governmental agency. Contract form # GA 2020 IA 0805 or state variation thereof. Prudential Retirement is compensated in connection with this product when general account investment returns exceed the interest credited on contract balances. Prudential Retirement may earn fee revenue in addition to the foregoing compensation if your plan has agreed to pay contract charges, which are sometimes paid in respect of plan and participant recordkeeping and distribution services. For some plans, Prudential Retirement uses a portion of its aggregate compensation to satisfy the plan's request for allowances and for payments to defray plan expenses. If Prudential Retirement s aggregate compensation from this product and from other plan investment products exceeds the costs of servicing your plan, Prudential Retirement earns a profit; otherwise we incur a loss. Frequent exchanging between plan investment options may harm long term investors. Your plan or the plan s investment funds may have provisions to deter exchanges that may be abusive. These policies may require us to modify, restrict or suspend purchase or exchange privileges and/or impose redemption fees. Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, CT or its affiliates. PRIAC is a Prudential Financial company. Prudential Retirement is a Prudential Financial business Prudential Financial, Inc. and its related entities. Prudential, the Prudential logo, the Rock symbol and Bring Your Challenges are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide WATH01BRRE2 10/2017 6