What schedules will no longer be a part of a Form 5500 filing under EFAST2?
Schedules E and SSA no longer will be part of a Form 5500 filing. The DOL will move several of the Schedule E questions to the Schedule R. A plan sponsor will file the Schedule SSA separately. How will a plan sponsor file a Schedule SSA under EFAST2? Since the Schedule SSA will no longer be part of the Form 5500 filing, it is not part of EFAST2. Instead, the preparer will complete a new “Form” SSA using paper copies (no bar codes) of the form. The preparer then will file the form directly with the IRS. The IRS intends to provide electronic filing for the Form SSA filing in 2011. Will a plan sponsor be able to include attachments to the Form SSA to report additional participants beyond the four spaces provided in the schedule? Currently, the IRS is indicating that it prefers not to receive not permit attachments but they will accept attachments and forward them on to the Social Security Administration The IRS also has indicated that it will provide places for more than four entries on t
