Comparative analysis of retirement plan between Bangladesh and the USA

Abstract

This is an academic internship report that will focus on the USA Retirement Funds industry, their procedure and compare with the retirement situation in Bangladesh. Established in 2008, Data Path Ltd. is a famous joint venture between USA and Bangladesh. Through a combination of rich expertise, diverse skills across industries and businesses, and in-depth study of successful organizations, organizations connect with customers, and help they convert into successful businesses. Data Path Ltd. work for July Business Services, which is a US-based retirement service provider and Data Path provides administration services on behalf of July Business Services. The organization aims to work closely with employers and financial partners to develop and deliver customized services to ensure the achievement of the intended goals. This report focuses on activities of the organization, my experience of working for four months in the organization, lessons I have learned about retirement industry of USA, a comparison of retirement planning policies in the United States and Bangladesh. To conduct this study, both primary and secondary data sources were effectively used. Data for the report is collected from various sources such as training materials, focus group discussions with company employees, company website, and related research papers and documents. This research paper aims to provide a detailed overview of the US 401k retirement planning provisions and analyze the distinguishing features from Bangladeshi terms and policies.