13 Employer Laws, Recordkeeping & Retention Requirements
As we approach the 4th quarter many companies will start to make room for yet another year’s worth of documents and records related to their workforce. Federal laws, such as the Federal Insurance Contributions Act (FICA), the Fair Labor Standards Act (FLSA) and the Equal Pay Act (EPA), impose recordkeeping requirements for which employers must comply.
The following table has been designed as a quick reference for employers, summarizing numerous recordkeeping and retention requirements, indicating the longest retention period established by federal law.
State law requirements are not addressed in this table. To determine the time period for which records should be retained, it is important to reference applicable state laws in addition to federal laws. State laws may include recordkeeping requirements that operate in addition to or in conjunction with federal requirements.
Federal Recordkeeping and Retention Requirements