Data Path Ltd.

Data Path Ltd., known as DataPath, runs back-office work and builds software for the US 401(k) retirement plan sector. It started in 2008 as a joint venture between Bangladesh and the United States and says it was the first such venture to team up with a US fintech company in this field. Its staff look after thousands of US retirement plans on behalf of clients.

Services

• Plan administration: outsourced handling of day-to-day 401(k) plan work, including participant services.
• Plan design and documentation: setting up plans and preparing the supporting documents.
• Recordkeeping: maintaining plan records for its clients.
• Annual compliance and reporting: the yearly testing and filings retirement plans require.
• New business setup: onboarding newly won plans.
• Software development: an in-house full-stack team builds tools tailored to retirement plan operations.

Who it works with

Its clients are US retirement plan firms, including more than 50 outside third-party plan administrators that use its teams as an extension of their own staff.

Key facts

• Founded: 2008
• Team: more than 500 professionals
• Plans managed: over nine thousand US retirement plans
• Structure: a joint venture between US and Bangladeshi partners