The 5500 Forms software is a fully web-based solution designed to streamline the creation and filing of essential retirement plan documents. It ensures compliance with IRS EFAST2 requirements and integrates seamlessly with ASC Valuation Systems, eliminating the need for additional server fees. Users can quickly produce DOL/IRS Form 5500 and its associated schedules, Form 8955-SSA, Summary Annual Reports (SAR), and other related forms like Form 5558. The system features a secure electronic signature process, prompting preparers to invite plan sponsors and administrators to sign electronically via a dedicated web portal. Once signed, the form is transmitted to the DOL, with notifications sent to preparers upon successful filing. Workflow reports provide real-time tracking of forms from initiation to acceptance, allowing users to manage plans based on status and date. The integration with ASC Valuation Systems, Plan Documents, and CATTS (Client and Task Tracking System) prevents redundant data entry and minimizes human error. The 8955-SSA filing is also simplified, allowing for creation directly from a 5500-SF and transmission to the IRS FIRE system with status tracking.

Features & Benefits

• EFAST2 Compliant Form Creation: Efficiently produces DOL/IRS Form 5500, schedules, Form 8955-SSA, SAR, and other related forms.
• Web-Based and Integrated: Fully accessible online with seamless integration to ASC Valuation Systems, Plan Documents, and CATTS.
• Secure Electronic Signatures: Streamlined process for preparers and plan sponsors to electronically sign and file forms.
• Workflow and Reporting: Provides status tracking reports for forms from initiation to acceptance, aiding in document management.
• Reduced Errors and Redundancy: Integration with other ASC systems minimizes manual data entry and the risk of mistakes.