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ASPPA Solicits Support of TPAs in Petition to DOL About EFAST2 Rule
American Society of Pension Professionals & Actuaries [ASPPA]
Jan. 8, 2010
Excerpt: ASPPA is soliciting your support in asking the Department of Labor to modify its position with regard to the sharing of EFAST2 credentials. Many practitioners have expressed concern that DOL's current position -- as expressed in FAQ #33 -- will hamper their efforts to assist clients with timely filing of Form 5500. IRS and PBGC have developed systems that recognize the key role played by service providers in achieving compliance. ASPPA proposes that DOL implement similar rules so that filing signers could, at their option, choose to share their credentials with their service providers to facilitate electronic filing.
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