D) EFAST5500

A) FAST5500

Incorrect. Try again!

B) EFAST2

Correct.

All pension and welfare plans and DFEs that are required to submit an annual return/report under Title I of ERISA (Form 5500 or Form 5500-SF) must do so electronically for all plan years. Beginning Jan. 2010, an all-electronic system called EFAST2 began processing those electronic annual returns/reports.

EFAST2 is an all-electronic system designed by the Department of Labor, Internal Revenue Service, and Pension Benefit Guaranty Corporation to simplify and expedite the submission, receipt, and processing of the Form 5500 and Form 5500-SF. These forms must be electronically filed each year by employee benefit plans to satisfy annual reporting requirements under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code. Under EFAST2, filers choose between using EFAST2-approved vendor software or IFILE to prepare and submit the Form 5500 or Form 5500-SF. Completed forms are submitted via the Internet to EFAST2 for processing.

To find out more information about the EFAST2 electronic filing system, click here.

Did you know? Judy Diamond Associates recently made available 2010 plan year data from more than 33,000 health and welfare plans. The complete DOL plan disclosure documents,(Form 5500s) are now available in JDA analytical tools. These tools include the American Directory of Group Insurance and The Directory of Self-Funded Group Plans.

C) E5500EZ

Incorrect. Try again!

D) EFAST5500

Incorrect. Try again!