The purpose of the US Department of Labor is to foster, promote, and develop the welfare of the wage earners, job seekers, and retirees of the United States; improve working conditions; advance opportunities for profitable employment; and assure work-related benefits and rights. It regulates the management and retention of employee records and submitted reports.

DOL (FLSA), 29 CFR 516.5 – Requires payroll records, contracts or collective bargaining agreements, and other information to be kept for 3 years.

DOL (FLSA), 29 CFR 516.6 – Requires basic business records to be retained for 2 years.

DOL (WPPDA), 20 CFR 10.410 – Reports under the Welfare and Pensions Plan Disclosure Act must be kept for 5 years.

DOL (ERISA). 29 CFR 4007.10 – Employment records relating to pension and benefit plans must be kept for 6 years.

DOL (OSHA), 29 CFR 1910.1020 – Data relating to employee exposure or safety records must be retained for 30 years.

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