Compliance February 9, 2009
EBSA Announces Online 5500 Walk-Through
February 9, 2009 (PLANSPONSOR.com) - Plan sponsors
will get a walk-through of the 2009 Form 5500 reports and a
new electronic filing Web site from a scheduled February 19
Webinar from the Department of Labor's Employee Benefits
Security Administration (EBSA).
Reported by Fred Schneyer
According to an EBSA news release, the Webcast will cover:
- the new simplified annual reporting form for small plans with easy to value investments;
- expanded reporting by large plans of compensation received by plan service providers;
- realignment of the reporting rules for 403(b) plans subject to Title I of the Employee Retirement Income Security Act (ERISA) to make them on par with 401(k) plans; and
- annual reporting changes required by the Pension Protection Act or defined benefit pension plans and multiemployer plans.
The modernized version of the ERISA Filing Acceptance System – known as EFAST2 – will receive only electronic filing submissions, provide quick responses in the event there are errors in a filing and publicly disclose filed Form 5500 reports through the EFAST Web site.
The Webcast will take place from noon to 2 p.m. E.S.T., the agency said. More information will be available at http://www.dol.gov/ebsa or by contacting Patricia Humphlett at 202-693-8660.
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