Documents > DGEM System > DGEM 5500 Forms Package > EFAST2
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ASC's 5500 System Approved for 2010
ASC's 5500 system has been certified as an Approved Vendor by the Department of Labor for 2010. ASC is the first vendor to receive certification in the retirement plan market. The ASC 5500 system is fully web-based, provides a secure signing Portal and a DOL status tracking report to insure all deadlines are met. ASC's 5500 system is also integrated with the DGEM Document System.
ASC is 5500 EFAST2 Approved!
The IRS has approved ASC for EFAST2 5500 forms.
Signatures
For Preparers
Once the form has been validated, the Preparer will be prompted to set the form status to “Invite for Signature”. If they choose this status, emails will be generated notifying the signers (Plan Sponsor/Plan Administrator/DFE) to sign the form. This email will also include the link and instructions to obtain their credentials through the IREG site if they have not yet done so. When setting up the initial database for EFAST2, Preparers will need to enter the email addresses for signers, and maintain these each year.
For Plan Sponsors
The Signer will receive the email generated when the preparer chose the status “Invite for signature”. They will link to the URL provided in the email to go to our web signing portal – SignYour5500.com. This secure site will require authentication using the Plan Sponsor EIN and a PIN generated by our system. Signers will be able to review the form and schedules, but will not be able to make any changes. Once all signatures have been received, the form will be transmitted to the DOL. In addition, an email will be generated to the Preparer's notification address that the form has been filed. We do not anticipate many rejects at this point due to all of the checks and validations. However, if for any reason the 5500 is not accepted, our system will notify the Preparer and they will be able to take appropriate action to resubmit and invite the signer back to sign and file.
5500/5500SF Secure Signing Page (
PDF)
Workflow Reports
Our workflow status reports will enable our users to track forms from initiation to acceptance of the filing. Our reports will show the current status of the form, as well as the date of the status change. Our “Find” command will allow users to select and extract a listing of plans based on status, date, etc. making forms management easy.
Workflow status report ( PDF)
For More Information
Please contact ASC with any questions
