Iowa Admin. Code r. 875-216.5

Current through Register Vol. 47, No. 13, December 25, 2024

Rule 875-216.5 - Records to be preserved three years

Each employer shall preserve for at least three years:

(1) Payroll records. From the last date of entry, all payroll or other records containing the employee information and data required under any of the applicable rules.

(2) Collective bargaining agreements relied upon for the exclusion of certain costs under the definition of "wage" as stated in 875-subrule 215.3(23).

(3) Sales and purchase records. A record of

a. Total dollar volume of sales or business, and

b. Total volume of goods purchased or received during the periods (weekly, monthly, quarterly, etc.) in the form in which the employer maintains records in the ordinary course of business.

Iowa Admin. Code r. 875-216.5

29 CFR 516.5.