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Data Consolidation Aid for Form 5500

New tools help plan sponsors meet first ERISA e-filing deadline

By staff Writer | Updated on March 01, 2010

As sponsors of retirement and welfare plans face a new requirement this year to file Form 5500 reports electronically, Principal Financial Group has rolled out online tools to help companies with the task.

Organizations with retirement and welfare plans governed by ERISA must file Form 5500s detailing the plans’ finances and operations every year, and the Department of Labor is now requiring that all sponsors file electronically using a new system, ERISA Filing Acceptance System II (EFAST2).

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