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Record Retention

What’s the Magic Number When it Comes to Record Retention?

You don’t need to be a magician to know what records to keep and for how long. While most providers can supply

reports and plan documents, the plan administrator remains ultimately responsible for retaining adequate records that support the plan document reports and filings. Refer to the chart below to know which documents you need to keep in case of a plan audit.


Organization of Your Fiduciary File

When organizing your fiduciary file, we recommend a format that includes the following sections:

For more information on demystifying record retention, visit or call Tim Jaynes at (952) 835-1560 or email