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EFAST is a system designed to simplify and
expedite the receipt and processing of the Forms 5500/5500-EZ.
These
forms are filed each year by more than one million pension and other employee
benefit plans to satisfy annual reporting requirements under ERISA and the
Internal Revenue Code. |
The Department of Labor, Internal Revenue
Service and the Pension Benefit Guaranty Corporation created the EFAST system
to streamline the forms and the methods by which they are filed and processed.
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EBSA launched this dedicated Web site to
provide filers with up-to-date information about filing requirements,
electronic filing options, software availability, FAQs,
publications, and forms. |
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New And Noteworthy |
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Delinquent
Filer Voluntary Compliance Program |
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Fact Sheet FAQs Final Rule Calculator |
Notice
Related To Payment Of Penalties - If you send us a check, it will be converted into an
electronic funds transfer (EFT). This means we
will copy your check and use the account
information on it to electronically debit your
account for the amount of the check. The debit
from your account will usually occur within 24
hours, and will be shown on your regular account
statement. You will not receive your original check back.
We will destroy your original check, but we will
keep the copy of it. If the EFT cannot be
processed for technical reasons, you authorize
us to process the copy in place of your original
check. If the EFT cannot be completed because of
insufficient funds, we may try to make the
transfer up to 2 times. |
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