Department of Labor Modifies Form 5500 eFast Filing Rules

When the Form 5500 EFAST2 filing system became operational, the Department of Labor specifically prohibited signers from providing their PIN information to service providers to facilitate filing, which created potential difficulties for signers and service providers.

On May 13, the DOL backed off from this stance and created another filing option whereby service providers may submit returns on behalf of their clients. Click here to read a brief from ASPPA describing the new option and to access links to the DOL release regarding the change.