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The Generally Accepted Recordkeeping Principles (The Principles) were created by ARMA International as a common set of principles that describe the conditions under which business records and related information should be maintained.
Paychex Recognized by Plansponsor Magazine as Leader in Total Recordkeeping Plans ROCHESTER, N.Y.--(BUSINESS WIRE)-- Paychex, Inc., one of the nation's leading providers in retirement ...
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The Paperwork Reduction Act of 1980 (Pub. L. No. 96-511, 94 Stat. 2812, codified at 44 U.S.C. §§ 3501–3521) is a United States federal law enacted in 1980 designed to reduce the total amount of paperwork burden the federal government imposes on private businesses and citizens.
Money can also be lost if the plan sponsor has financial difficulties, though if a sponsor goes bankrupt, 401(k) account holders have high priority. [ citation needed ] Earners can take sponsor risk into account when deciding whether to leave assets in the plan sponsored by a former employer or roll over the assets to a new employer plan or to ...
Tax supporting documents. You should hold on to the documents you filed with your tax return or used to prepare it, including W-2 forms, 1099s, receipts and expense records, for at least three ...
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Not all documents are records. A record is a document consciously (consciously means that the creator intentionally keeps it) retained as evidence of an action. Records management systems generally distinguish between records and non-records (convenience copies, rough drafts, duplicates), which do not need formal management.