A file plan provides a structure to which you associate retention policies in order to process your records.
You assign an active retention policy to a record category in a file plan. A retention policy is required for every record category. The record folder directly below a record category inherits the policy instructions. The system implements the policy for the top-level folder and all items nested under that folder in the structure.
You cannot associate an individual record or record folder to more than one retention policy. Unlike documents (where you associate document types to a policy), a retention policy for a record is implemented based on a record’s location in a file plan. Multiple types can exist in the nested folders under a record category; however, a retention policy for records consumes the items based on that hierarchy rather than a grouping of types.
To view records functionality, you must install a Records Manager license.