Besides being a religious text, the Bible is essentially a history book detailing major religious events like the Exodus from Egypt. A history book is a record of events that can be passed down from generation to generation. Recordkeeping is like preserving history and while it’s not the same as a Bible, a plan sponsor would be wise to keep good records. While it’s not going to be treated on the same level as Moses parting the Red Sea, keeping good records will help plan sponsors limit their liability as plan fiduciaries. This article is about how plan sponsors can limit their liability by keeping good plan records.