US DEPARTMENT OF LABOR
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.Read More