Analyzing various retirement saving plans: a complete study on Data-Path Ltd.

Abstract

The internship concluded in a paper titled "Analyzing various retirement saving plans of Data-Path Ltd." that reflected the intern's newfound expertise and knowledge. In this paper, we aim to show how the plan processing at Data-Path Ltd. Furthermore, it exemplifies TPA's international business practices. The report is broken up into three sections. The first chapter describes the internship in general with information of me and the information of the internship organization. Also, detailed job description on how to process a retirement plan from report collection to Annual reporting Package. Furthermore, discussed the outcome of the internship and the difficulties that I faced during my internship period. The second chapter provides a broad overview of Data-Path Ltd. It also provides a summary of the company's history and management practices within the sector. Therefore, discussed the marketing practices of 401(k) industry. Worked on the financial performance and accounting practices of T. rowe Price. And discussed operation management & information system practices and industry analysis. The report's intent and scope are covered in Chapter 3. Analyzing of various retirement saving plans of the American Retirement Plan. Covered both DC and DB plans. And with my finding discussed why DC plan is better also with mathematically reasoning. Showed cost benefit analysis and proving the DC plan is better. Briefly discussed and compare the USA and Bangladesh’s contribution plan. It also provides insight into the operations of TPA firms and the processing of retirement plans. The report's conclusion and my recommendations for fixing the issues I raised all appeared in the same chapter. This paper provides an overview of the 401(k) market.