Jump to content

5500-EZ Electornically Filed - earlier this year - new E-mail after 7/31 filing


Lou S.

Recommended Posts

I just received 2 e-mails from EFAST that the filing status of 2 plans were updated  as "filing received" but the files were sent in April & June respectively which both had good ACK files and the new e-mail has the same ACK file as the old.

I did not re-file either plan myself.

There were 2 warnings - one is basically "filed after due date with no cause or amendment" and the other is "matches another filing in database"

I'm trying to figure out if it's a general problem with the new electronic filing system for EZ plans or specific to 2 of my plans.

Anyone else get one of these?

Link to comment
Share on other sites

4 hours ago, BG5150 said:

I just got the same thing, Lou.  Do you use Relius for your 5500's?

Though the message I got was not for an EZ. 'Twas an SF.

Yep - Relius and got 2 more this morning another EZ and a SF.

All 4 are DB plans. 3 of the 4 Plans also filed a DC Plan on the same day and I have not yet received any notification on those Plans. Maybe they got around to checking the SB was signed and attached and someone at EFAST updated something wrong or their system auto generated these?

Guess I'll be calling EFAST at some point to see what's going on unless there is a notice that this is a known issue and I can ignore it.

 

Link to comment
Share on other sites

We had an issue with Relius that some plans that had already been filed got "Republished" after we ran the 5558 batch.  Emails went out to the the clients saying they were republished.  I got a bunch of calls & emails, and I told them not to worry about it.  I checked and the originally filed forms were indeed on EFAST.

However, I think this was one client who just got the e-mail and just re-filed.

Oddly enough, there are two filings on EFAST right now; one on the original date and another for yesterday.

 

Not sure what I should do.

QKA, QPA, CPC, ERPA

Two wrongs don't make a right, but three rights make a left.

Link to comment
Share on other sites

It's a Relius issue.  From Relius:

FIS has identified an issue impacting a selection of Form 5500 series EFAST submissions for form year 2020. Form 5500 series filings with internal attachments created using Relius Government Forms (RGF) software templates did not include those attachments in the electronic submission to EFAST. Pursuant to direction from the US Department of Labor (DOL), FIS will resubmit the impacted Form 5500 series forms, with attachments, to EFAST on behalf of all impacted plans. The DOL has indicated that they intend to take no further action against plans impacted by the incomplete electronic submissions. 

FIS has identified an issue impacting a selection of Form 5500 series EFAST submissions for form year 2020 that included internal attachments. Internal attachments are attachments to the Form 5500 created using templates in RGF ASP. The most commonly generated internal attachments are the reasonable cause explanation for late filing, the schedule of assets, the weighted average retirement age, and the CSEC participating employer list. It was discovered that internal attachments were not included in the electronic data transmission to EFAST for 2020 form year submissions. This issue was remediated in RGF ASP on August 17, 2020 for Form 5500 and Form 5500-SF filings, and on August 19, 2021 for Form 5500-EZ filings. Any form year 2020 filings with internal attachments, filed prior to remediation would have been impacted. 

As providers of EFAST-certified software, FIS has worked with EFAST and the DOL to address this issue. FIS has provided the DOL with a list of all impacted EFAST submissions and the DOL has directed FIS to automatically resubmit the impacted forms with the attachments. FIS will resubmit the impacted filings the week of August 23, 2021. No action is required from your firm or plan sponsors for the resubmission process. 

The DOL recognizes that the plan sponsors and administrators signed the Form 5500 filings with the attachments and it was the data transmission process that excluded these internal attachments. Accordingly, the DOL informed FIS that they will take no actions against impacted plans based on the omitted attachments. The DOL will notify the IRS, and while unlikely, it is possible your clients may receive a notice from the IRS or DOL regarding the missing attachments. FIS has posted here a "reasonable cause" letter that can be used in response to any such inquiries. 

IMPORTANT: The DOL indicated the initial submissions (with the omitted attachments) cannot be deleted from EFAST, and once the filings are resubmitted, both filings will be visible on the EFAST website. Please contact Customer Care for a listing of your customers impacted by this issue, if needed. 

FIS will resubmit impacted Form 5500 filings via EFAST during the week of August 23, 2021. All Form 5500 EFAST transmissions submitted after August 19, 2021 will include the associated attachments. 

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...