29 U.S.C. § 1027 — Retention of records

Page 400 TITLE 29—LABOR § 1027 other documents filed with the Secretary pursu- ant to this part shall be public information and the Secretary shall make any such information and data available for inspection in the public document room of the Department of Labor. The Secretary may use the information and data for statistical and research purposes, and compile and publish such studies, analyses, reports, and surveys based thereon as he may deem appro- priate. (b) Information described in sections 1025(a) and 1025(c) of this title with respect to a partici- pant may be disclosed only to the extent that information respecting that participant’s bene- fits under title II of the Social Security Act [42 U.S.C. 401 et seq.] may be disclosed under such Act. (Pub. L. 93–406, title I, § 106, Sept. 2, 1974, 88 Stat. 850; Pub. L. 101–239, title VII, § 7894(b)(6), Dec. 19, 1989, 103 Stat. 2448; Pub. L. 105–34, title XV, § 1503(d)(4), Aug. 5, 1997, 111 Stat. 1062.) Editorial Notes REFERENCES IN TEXT The Social Security Act, referred to in subsec. (b), is act Aug. 14, 1935, ch. 531, 49 Stat. 620. Title II of the So- cial Security Act is classified generally to subchapter II (§ 401 et seq.) of chapter 7 of Title 42, The Public Health and Welfare. For complete classification of this Act to the Code, see section 1305 of Title 42 and Tables. AMENDMENTS 1997—Subsec. (a). Pub. L. 105–34 struck out ‘‘descrip- tions,’’ before ‘‘annual reports,’’. 1989—Subsec. (b). Pub. L. 101–239 substituted ‘‘sec- tions’’ for ‘‘section’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 1989 AMENDMENT Amendment by Pub. L. 101–239 effective, except as otherwise provided, as if originally included in the pro- vision of the Employee Retirement Income Security Act of 1974, Pub. L. 93–406, to which such amendment relates, see section 7894(i) of Pub. L. 101–239, set out as a note under section 1002 of this title. § 1027. Retention of records Every person subject to a requirement to file any report (including the documents described in subparagraphs (E) through (I) of section 1021(k) of this title) or to certify any informa- tion therefor under this subchapter or who would be subject to such a requirement but for an exemption or simplified reporting require- ment under section 1024(a)(2) or (3) of this title shall maintain a copy of such report and records on the matters of which disclosure is required which will provide in sufficient detail the nec- essary basic information and data from which the documents thus required may be verified, explained, or clarified, and checked for accuracy and completeness, and shall include vouchers, worksheets, receipts, and applicable resolutions, and shall keep such records available for exam- ination for a period of not less than six years after the filing date of the documents based on the information which they contain, or six years after the date on which such documents would have been filed but for an exemption or sim- plified reporting requirement under section 1024(a)(2) or (3) of this title. (Pub. L. 93–406, title I, § 107, Sept. 2, 1974, 88 Stat. 850; Pub. L. 105–34, title XV, § 1503(d)(5), Aug. 5, 1997, 111 Stat. 1062; Pub. L. 113–235, div. O, title I, § 111(c), Dec. 16, 2014, 128 Stat. 2793.) Editorial Notes AMENDMENTS 2014—Pub. L. 113–235 inserted ‘‘(including the docu- ments described in subparagraphs (E) through (I) of sec- tion 1021(k) of this title)’’ after ‘‘file any report’’ and ‘‘a copy of such report and’’ after ‘‘shall maintain’’. 1997—Pub. L. 105–34 struck out ‘‘description or’’ after ‘‘requirement to file any’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2014 AMENDMENT Amendment by Pub. L. 113–235 applicable with re- spect to plan years beginning after Dec. 31, 2014, see section 111(e) of Pub. L. 113–235, set out as a note under section 1021 of this title. § 1028. Reliance on administrative interpreta- tions In any criminal proceeding under section 1131 of this title, based on any act or omission in al- leged violation of this part or section 1112 of this title, no person shall be subject to any liability or punishment for or on account of the failure of such person to (1) comply with this part or sec- tion 1112 of this title, if he pleads and proves that the act or omission complained of was in good faith, in conformity with, and in reliance on any regulation or written ruling of the Sec- retary, or (2) publish and file any information required by any provision of this part if he pleads and proves that he published and filed such information in good faith, and in con- formity with any regulation or written ruling of the Secretary issued under this part regarding the filing of such reports. Such a defense, if es- tablished, shall be a bar to the action or pro- ceeding, notwithstanding that (A) after such act or omission, such interpretation or opinion is modified or rescinded or is determined by judi- cial authority to be invalid or of no legal effect, or (B) after publishing or filing the annual re- ports and other reports required by this sub- chapter, such publication or filing is determined by judicial authority not to be in conformity with the requirements of this part. (Pub. L. 93–406, title I, § 108, Sept. 2, 1974, 88 Stat. 850; Pub. L. 101–239, title VII, § 7894(b)(7), Dec. 19, 1989, 103 Stat. 2448; Pub. L. 105–34, title XV, § 1503(d)(6), Aug. 5, 1997, 111 Stat. 1062.) Editorial Notes AMENDMENTS 1997—Pub. L. 105–34, which directed the amendment of cl. (2)(B) by substituting ‘‘annual reports’’ for ‘‘plan de- scriptions, annual reports,’’, was executed by making the substitution for ‘‘plan description, annual reports,’’ to reflect the probable intent of Congress. 1989—Pub. L. 101–239 substituted ‘‘act or omission’’ for ‘‘act of omission’’ before ‘‘complained of’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 1989 AMENDMENT Amendment by Pub. L. 101–239 effective, except as otherwise provided, as if originally included in the pro-