Documents to Save

Q. What are some documents that are especially to retain? 

A. It could be especially helpful to keep the following documents: 

• summary plan description (SPD);
• summary of material modifications (SMM);
• materials related to corporate actions, such as meeting minutes, agendas and handouts; 
• service agreements;
• fidelity bonds; and
• fee disclosures. 

Why? They are helpful in administering a plan and serving participants; in addition, the IRS and Department of Labor may want to see them if they audit or examine the plan.