Gratuity Trust Management — Administered. Accurate. On Time.
Ongoing administration of an approved gratuity trust - trustee support, record-keeping, actuarial valuation liaison and processing of employee payouts.
Book Free ConsultationOnce a gratuity trust is set up and approved, it needs ongoing administration - trustee meetings, updated employee records, coordination with the actuary each year, and timely processing of gratuity payouts as employees leave or retire.
At N D Savla & Associates, we support employers and trustees in Nashik and across Maharashtra in the day-to-day management of their gratuity trust, so the fund runs correctly between one year's compliance and the next.
Trust management is often left informal until an audit or a payout dispute exposes gaps in records or trustee decisions. We build a routine around it so the trust's administration holds up when it is examined.
Our Services
Trustee Meeting Support
Scheduling, agenda preparation and minuting of trustee meetings as required under the trust deed.
Employee Data Records
Maintaining and updating employee records used for gratuity calculation and payout.
Actuary Liaison
Coordinating with the actuary for the annual valuation and reconciling their report with trust records.
Contribution Tracking
Tracking employer contributions to the trust against the funding requirement determined each year.
Payout Processing Support
Supporting trustees in processing gratuity payouts to exiting or retiring employees correctly.
Bank & Investment Reconciliation
Reconciling the trust's bank and investment accounts against its books periodically.
Trust Accounting
Maintaining separate books of account for the trust distinct from the employer's own accounts.
Compliance Calendar
Tracking the trust's recurring compliance and filing dates so nothing is missed.
Our Process
Current State Review
We review the trust's existing records, past minutes and valuation history before taking over administration.
Routine Setup
A recurring calendar is set up for trustee meetings, valuation liaison and record updates.
Ongoing Administration
Employee records, contributions and payouts are administered as they arise through the year.
Annual Valuation Coordination
The actuary's annual valuation is coordinated and reconciled with the trust's books.
Reporting to Trustees
Trustees are kept updated on the trust's position, funding status and any action required from them.
Why It Matters
Frequently Asked Questions
Need ongoing support running your gratuity trust?
Send us your trust deed and current records - we'll set up a routine to keep the trust administered correctly.
