Expansion file folder having at least one of a removably secured cover or a removably secured identification insert

An expansion file folder, comprising:

• a first wall and a second wall, each having four sides, the second wall having a pair of horizontal slots and a pair of vertical slots therein;
• a U-shaped pleated gusset, the gusset fixedly secured to three of the four sides of the first wall and fixedly secured to three of the four sides of the second wall, thereby forming an open pocket between the first and the second walls, the pocket having a pleated floor;
• and,
• at least one of:
• a cover having a pair of tabs extending therefrom, the pair of tabs of the cover arranged to removably engage the pair of horizontal slots, wherein the cover includes at least one magnet arranged therein and at least one of the first and the second walls having at least one of:
• a magnet arranged thereon or therein;
• and,
• a ferromagnetic piece thereon or therein, wherein the magnet of the cover is arranged to magnetically engage one of:
• the magnets of at least one of the first and the second walls;
• and,
• the ferromagnetic pieces of at least one of the first and the second walls;
• and,
• an identification insert having a pair of tabs extending therefrom, the pair of tabs of the identification insert arranged to removably engage the pair of vertical slots.