Question: What is EFAST2?
Answer: EFAST is an all-electronic processing system that is designed to simplify and expedite the receipt and processing of the Form 5500 and Form 5500-SF by relying on electronic filing technologies. The Form 5500 and Form 5500-SF are filed each year by pension and welfare benefit plans to satisfy annual reporting requirements under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code.
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