Employment Law Update: How Long is Long Enough? ERISA Record Retention Rules Every Employer Should Know.
A common question employers ask is: How long do we need to keep records related to employee benefits, and what are the rules?
The attorneys in this practice provide advice and legal services regarding ERISA compliance, including advice on fiduciary responsibilities and prohibited transactions, audits by the Department of Labor and the Pension Benefit Guaranty Corp., representation in ERISA administrative claims and litigation, pension, profit-sharing and 401(k) plans, ESOPs and other deferred compensation programs, controlled-group analyses, IRS plan approval, IRS audits, correction of operational errors, and avoiding plan disqualification.
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