Not from a regulatory perspective but from a practicle one, how long should record keeping reports, enrollment forms, distribution forms, etc. be kept in storage.

Since software changes every few years and there may not be a way to go back on the computer to pull up old information, we feel that we should probably keep the hard copies indefinitely.

Please weigh in.

According to the IRS, the PLAN SPONSOR needs to keep the records indefinitely.

We're the trustee, custodian, record keeper, tpa but we're generally the ones called on to produce the data from years prior. Thanks