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Superannuation

We provide services including superannuation database management, superannuation calculations, superannuation software, superannuation claims, superannuation record-keeping, e-TDS for superannuation, superannuation actuarial valuation data support, insurance company handling for superannuation.

Also, we cater a few additional services to our esteemed clients, which includes:

Coordinating with LIC for premium details to be paid by the company
Coordinating with LIC for annual statements
Periodic SSAE 16 – Type II reports (Inclusive of BCP and DR plans)

SUPERANNUATION (DEFINED CONTRIBUTION) – SELF ADMINISTERED – SCOPE OF WORK

Administration

Database Management
Processing Settlement/Transfer application
Employee query management through Email, and voice support
Liasoning with government authorities
SAF Management automation to establish control and visibility of the process
Online portal access to employee and employer to view balance and application status
All types of applications to be submitted by the employee through an online portal
Data exchange facility with access control
Audits

Accounting

Maintenance of employee sub-ledgers
Accounting of transactions
Maintenance of standard voucher/receipt
Updating bank books daily.

Monthly BRS, Final accounts – trial balance, balance sheet, P&L, and schedules

Coordination with auditors for audits

Data to be provided for actuarial valuation as and when required

Recordkeeping

Maintaining backup documents until the audit

Coordinating banking about trust accounts

Taxation

Deducting TDS as per statute

Generation of Form 16 and Form 24Q per statute for the applicable quarter/year (excludes forms/returns preparation beyond 3 months post statutory date)

Investments – Back Office

Tracking of interest due on investments/redemptions and follow-up for closures

Submit income tax recognition certificates to the issuers for the avoidance of tax on interest

Periodic portfolio reconciliation of t SGL / Demat / custodian statements

Execution of investment deal after the trustees’ approval

Regulatory Compliance

Preparation and filing of statutory returns with IT
Coordinating trustee meetings and recording minutes
Documentation support for addition/deletion of trustees

Periodic SSAE 16 – Type II report (Inclusive of BCP and DR plans)

SUPERANNUATION – (DEFINED CONTRIBUTION) LIC ADMINISTERED – SCOPE OF WORK

Administration

Database management

Preparation of covering letter and forwarding the same to LIC

Employee query management through Email, and voice support

Liasoning with government authorities

SAF Management automation to establish control and visibility of the process

Follow-up with LIC for Transfer ins (through reminder letters for specific cases upon Client’s request)

Online portal access to employee and employer to view balance and application status

Audits

Data to be provided for actuarial valuation as and when required

Recordkeeping

Maintaining the books of accounts

All types of applications to be submitted by the employee through an online portal

Data exchange facility with access control

Other Services

Coordinate with LIC for premium payment details

Coordinate with LIC for annual statement

Individual statements after the audit

Follow-up with LIC for specific cases upon Client’s request

Periodic SSAE 16 – Type II report (Inclusive of BCP and DR plans)