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Home  Record Retention |
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Recommended Record Retention Schedule |
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| Type of Record |
Length of Retention |
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Attendance Records |
4 years |
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Employee Files |
7 years after termination |
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Employee Pension Records |
7 years |
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Employment Application - Not Hired |
3 years |
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Employment Contracts |
10 years |
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Garnishments |
5 years |
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Retirement & Profit Sharing Plan Agreement |
Permanent |
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While in effect + 4 years |
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W-5 (earned income credit expired in 2011) |
While in effect + 4 years |
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3 years after hire or 1 year after termination, whichever is later |
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Commission Reports |
4 years |
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Payroll Tax Returns |
4 years |
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Payroll Journal |
4 years |
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Payroll Checks |
7 years |
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Timecards |
4 years |
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W-2, W-3, 1099, 1096 |
7 years |
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Electronic Filing Documents |
7 years |
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Bank Reconciliations |
7 years |
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Bank Statements |
7 years | |
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