USA-based retirement plan and its investment performance by an outsourcing company Datapath Ltd.
This internship report is submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Administration, 2023.
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| Μορφή: | Internship report |
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BRAC University
2024
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| Διαθέσιμο Online: | http://hdl.handle.net/10361/23500 |
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10361-235002024-06-24T07:42:28Z USA-based retirement plan and its investment performance by an outsourcing company Datapath Ltd. Hossain, MD. Sazid Haq, Mahmudul Brac Business School, Brac University Covid-19 Financial firm Financial stability Retirement Internal Revenue Service Department of Labour Retirement--Economic aspects Monetary policy This internship report is submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Administration, 2023. Cataloged from the PDF version of the internship report. Includes bibliographical references (page 25). The government of the United States takes protecting the rights of the elderly and guaranteeing their financial stability in retirement extremely seriously. In order to give retirement benefits to its employees, businesses must adhere to regulations established by the Internal Revenue Service and the Department of Labour. Furthermore, the business might enjoy tax benefits on its earnings provided the retirement plan is administered in line with Internal Revenue Service and Department of Labour rules. The plan will be disqualified and subject to fines if it doesn't comply with the regulations. This report evaluates the performance and risk assessment of a 401(k) plan over the years 2015- 2022. The analysis includes annual return, Compound Annual Growth Rate, Mean return, and standard deviation, which reveals that the plan's growth rate was sufficient from 2015 to 2019, but it faced a decline in 2020 and 2021 due to the COVID-19 pandemic. However, the plan's growth rate started to improve in 2022, indicating positive long-term prospects. The report also identifies common issues faced by the 401(k) industry, including systematic and unsystematic risks, inequality, and lack of investor knowledge. One major problem is investors' tendency to invest too conservatively or too aggressively. The report suggests that investment firms should provide their clients with more information on the investing process to reduce misunderstandings and distrust. Additionally, businesses can improve their bottom lines by decreasing costs and expanding their consumer bases. Overall, this report serves as a useful resource for financial firms looking to enhance the effectiveness of their 401(k) offerings and attract new clients. Here, we also discuss the plan-making process, including the phases that a plan begins with and takes to complete. The performance and risk of a plan are then also examined in chapter 4. We determine the results of the calculation and offer some recommendations for improving the plan. Md. Sazid Hossain B. Business Administration 2024-06-23T05:40:43Z 2024-06-23T05:40:43Z ©2023 2023 Internship report ID 19104100 http://hdl.handle.net/10361/23500 en Brac University internship reports are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. 34 pages application/pdf BRAC University |
| institution |
Brac University |
| collection |
Institutional Repository |
| language |
English |
| topic |
Covid-19 Financial firm Financial stability Retirement Internal Revenue Service Department of Labour Retirement--Economic aspects Monetary policy |
| spellingShingle |
Covid-19 Financial firm Financial stability Retirement Internal Revenue Service Department of Labour Retirement--Economic aspects Monetary policy Hossain, MD. Sazid USA-based retirement plan and its investment performance by an outsourcing company Datapath Ltd. |
| description |
This internship report is submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Administration, 2023. |
| author2 |
Haq, Mahmudul |
| author_facet |
Haq, Mahmudul Hossain, MD. Sazid |
| format |
Internship report |
| author |
Hossain, MD. Sazid |
| author_sort |
Hossain, MD. Sazid |
| title |
USA-based retirement plan and its investment performance by an outsourcing company Datapath Ltd. |
| title_short |
USA-based retirement plan and its investment performance by an outsourcing company Datapath Ltd. |
| title_full |
USA-based retirement plan and its investment performance by an outsourcing company Datapath Ltd. |
| title_fullStr |
USA-based retirement plan and its investment performance by an outsourcing company Datapath Ltd. |
| title_full_unstemmed |
USA-based retirement plan and its investment performance by an outsourcing company Datapath Ltd. |
| title_sort |
usa-based retirement plan and its investment performance by an outsourcing company datapath ltd. |
| publisher |
BRAC University |
| publishDate |
2024 |
| url |
http://hdl.handle.net/10361/23500 |
| work_keys_str_mv |
AT hossainmdsazid usabasedretirementplananditsinvestmentperformancebyanoutsourcingcompanydatapathltd |
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1814308998379208704 |