On August 28, 2023, the DOL announced a grace period for users to obtain new login credentials for its EFAST2 filing system, which is used to file Form 5500 series annual returns. Beginning January 1, 2024, users will have to log in via the new Login.gov process instead of using existing EFAST2 credentials. Login.gov allows users to securely log in to many government agency websites using a single username and password.
New user accounts created on or after January 1, 2023, were directed to obtain Login.gov credentials upon creation. However, accounts in existence prior to January 1, 2023, have continued to use existing EFAST2 login credentials, if desired. Users are encouraged to transition to Login.gov in advance of the December 31, 2023, deadline to avoid disruption in access.
This change is important for users who directly access the EFAST2 system with their own login. Employers who utilize a vendor (Software - EFAST2 Filing (dol.gov)) generally do not have an EFAST2 login and may not need to create Login.gov credentials. Employers subject to Form 5500 filing requirements should work with their filing vendor, if they have one, to ensure proper login credentials are in place for 2024.
DOL Extending Grace Period for EFAST2 Login Credentials »
PPI Benefit Solutions does not provide legal or tax advice. Compliance, regulatory and related content is for general informational purposes and is not guaranteed to be accurate or complete. You should consult an attorney or tax professional regarding the application or potential implications of laws, regulations or policies to your specific circumstances.
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