EFAST2, an all-electronic system, receives and displays Forms 5500 and 5500-SF
Annual Returns/Reports. The Form 5500-SF (Short Form) can
be used by small plans (generally fewer than 100
participants) that meet certain other conditions. EFAST2
is available on www.efast.dol.gov.
Under the Department of Labor’s Final Rule on Annual
Reporting and Disclosure, all Form 5500 Annual Returns/Reports must be filed
electronically. Under the all-electronic EFAST2, filers choose between
using EFAST2-approved vendor software or the EFAST2
web-based filing system (IFILE) to prepare and submit the
Form 5500 or Form 5500-SF. Completed forms are submitted
via the Internet.
EFAST2 electronic credentials must be obtained to sign
and/or submit the Form 5500 or Form 5500-SF, or to prepare
a return/report in IFILE. EFAST2 electronic credentials
can be obtained by registering
on the EFAST2 web site (www.efast.dol.gov).
Nearly all filings that are received by the EFAST2 electronic filing system
will be posted on the Department of Laborís EFAST2 web site. For more information on Form 5500
disclosure, see EFAST2 FAQ #42.