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.
EBSA launched this dedicated Web site to
provide filers with up-to-date information about filing requirements,
electronic filing options, software availability, frequently asked questions,
publications, and forms.