Outsourcing of Retirement Provident Fund (RPF) management: a study on United States RPF

This internship report is submitted in a partial fulfillment of the requirements for the degree of Master of Business Administration,2014.

Bibliografiske detaljer
Hovedforfatter: Khan, Jawad Ashraf
Andre forfattere: Haq, Mahmudul
Format: Internship report
Sprog:English
Udgivet: BRAC University 2014
Fag:
Online adgang:http://hdl.handle.net/10361/3391
id 10361-3391
record_format dspace
spelling 10361-33912019-09-30T03:49:49Z Outsourcing of Retirement Provident Fund (RPF) management: a study on United States RPF Khan, Jawad Ashraf Haq, Mahmudul BRAC Business School, BRAC University Business administration This internship report is submitted in a partial fulfillment of the requirements for the degree of Master of Business Administration,2014. Cataloged from PDF version of Internship report. Includes bibliographical references (page 52). The social security systems in the United States are very high. The government as well as the citizen is very much concerned about the retirement benefit. The government makes it mandatory for the employer to give the retirement benefit to their employee at their retirement. The IRS (Internal Revenue Service) and the DOL (Department of Labor) instruct the employer to set up the retirement benefit plan to give their employee retirement benefit which is known as “Plan” in the retirement industry. Every employer in the United States who has the retirement benefit plan mandatorily follows the IRS rules and regulations while preparing the report. As a part of maintaining the rules and regulations the employer has to prepare the allocation report and fill up the form 5500. As TPA (Third Party Administrator) this company’s responsibility is to prepare the allocation Report and prepare the Allocation Letter on behalf of the client. The Allocation Report contains the Plan specification Report, Census Report, Summary of accounts Report, Plan totals report, Trust Accounting Report, ADP/ACP Testing Report, Top Heavy Testing Report. The company has to prepare Compliance Testing Report which includes Required Minimum Distribution Report, Maximum deductable contribution Report, and coverage testing Report and so on. My main focus will be on the rules and regulations which is mandatorily maintained by the employer for preparing the Allocation Report which prepared by the third party administrator on behalf of the client. Jawad Ashraf Khan M. Business Administration 2014-07-07T04:57:14Z 2014-07-07T04:57:14Z 2014 2014-05-18 Internship report ID 11264004 http://hdl.handle.net/10361/3391 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. 59 pages application/pdf BRAC University
institution Brac University
collection Institutional Repository
language English
topic Business administration
spellingShingle Business administration
Khan, Jawad Ashraf
Outsourcing of Retirement Provident Fund (RPF) management: a study on United States RPF
description This internship report is submitted in a partial fulfillment of the requirements for the degree of Master of Business Administration,2014.
author2 Haq, Mahmudul
author_facet Haq, Mahmudul
Khan, Jawad Ashraf
format Internship report
author Khan, Jawad Ashraf
author_sort Khan, Jawad Ashraf
title Outsourcing of Retirement Provident Fund (RPF) management: a study on United States RPF
title_short Outsourcing of Retirement Provident Fund (RPF) management: a study on United States RPF
title_full Outsourcing of Retirement Provident Fund (RPF) management: a study on United States RPF
title_fullStr Outsourcing of Retirement Provident Fund (RPF) management: a study on United States RPF
title_full_unstemmed Outsourcing of Retirement Provident Fund (RPF) management: a study on United States RPF
title_sort outsourcing of retirement provident fund (rpf) management: a study on united states rpf
publisher BRAC University
publishDate 2014
url http://hdl.handle.net/10361/3391
work_keys_str_mv AT khanjawadashraf outsourcingofretirementprovidentfundrpfmanagementastudyonunitedstatesrpf
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