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ftwilliam.com’s EFAST 2 Form 5500 Software Used For Over 2,750 filings
(RIVERWOODS, ILL., April 15, 2010) – ftwilliam.com, a leading employee benefits software provider, announced today that its software has been used to transmit over 2,750 successful 5500 filings. The company released its EFAST 2 Approved Form 5500 Software at the end of January 2010. ftwilliam.com is part of Wolters Kluwer Law & Business, a leading provider of information and software solutions for pension, benefits, and tax law information and software for professionals (hr.cch.com).
"The adoption of the new EFAST 2 Approved Form 5500 Software has been very fast, and the electronic filing process has gone quite smoothly,” said Joe Bremer, ftwilliam.com Director of Technical Services.
One hurdle that other filers have faced is that signer names must be identical to the name entered when registering with the Department of Labor (DOL). An extra space entered by a user at the DOL site can result in a filing being rejected. All signers must register with the DOL for signing credentials (no other credentialing is required for ftwilliam.com users).
"This is not an issue for our customers, however. The vast majority of filings for ftwilliam.com customers are accepted immediately,” Bremer said.
All filings are transmitted via the company’s web portal. The portal enables form signers to view draft 5500 filings, upload attachments, edit the filing and sign and submit filings directly to the DOL. In addition, ftwilliam.com has added a workflow management feature to assist its customers in keeping track of filing status. Other improvements include streamlined data entry, easier edit checking and improved navigation.
Any new ftwilliam.com customer can convert to ftwilliam.com by using the 55Autofill feature (patent pending). 55Autofill automatically imports the prior year’s Form 5500 filing from the DOL database into the current year’s forms. This can also be done in batch mode by providing ftwilliam.com a spreadsheet of client EINs. The EFAST 2 software is available on ftwilliam.com’s state-of-the-art web servers so there is no software or updates to install. Multiple concurrent users are allowed free of charge.
About ftwilliam.com and Wolters Kluwer Law & Business
ftwilliam.com is a leading provider of the highest quality plan documents (retirement, welfare and non-qualified), government forms (5500/PBGC, 1099 and IRS) and now administrative/compliance software. ftwilliam.com's software is web-based and can be accessed by any user with a computer connected to the internet. All plan documents and forms are delivered instantly to the desktop in word processing or Adobe PDF format.
ftwilliam.com is part of Wolters Kluwer Law & Business, and is part of the company’s pension and benefits portfolio. Wolters Kluwer Law & Business is a leading provider of information and software solutions in key specialty areas for legal and business professionals, as well as casebooks and study aids for law students. Its major product lines include Aspen Publishers, CCH, Kluwer Law International and Loislaw.