WE INTERRUPT YOUR INTERNET BROWSING TO BRING YOU THIS IMPORTANT MESSAGE:
hireVision would like to take this moment to remind employers about the upcoming July 31, 2011 filing deadline for your company’s 5500 & 5500-EZ forms.
The United States Department of Labor (DOL) now uses the EFAST computerized processing system. EFAST is designed to simplify and expedite the receipt and handling of the 5500 and 5500-EZ forms, which are used for 401(k), pension and other employee benefit plans to satisfy annual reporting requirements under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code. It uses computer-scannable forms and electronic filing technologies. The EFAST system was created by the DOL, the Internal Revenue Service (IRS) and the Pension Benefit Guaranty Corporation (PBGC) in order to streamline the forms and the methods by which the these forms are filed and processed. Anyone still wanting to submit paper forms must obtained them from the IRS or printed using software from an EFAST-approved software developer, and filings using photocopies of approved forms or other substitute forms may be returned or cause correspondence requiring additional information.
The filing deadline for Form 550 and Form 5500-EZ is the 7th calendar month after the end of the plan year. So the July deadline is for the 2010 plan year.