The Department of Labor announced on Dec. 8 that its Employee Benefits Security Administration (EBSA) is modernizing the EFAST2 website authentication process. EFAST is the electronic platform by which one can file the Form 5500 Series.
Logging into the EFAST2 website is required to obtain new electronic signature credentials for the Form 5500 Series. It is also required to file the Form PR or to use IFILE, the government’s free Form 5500 Series filing application. Logging into the EFAST2 website is generally not necessary for existing Form 5500 Series filers using approved private software.
From EFAST2 to Login.gov
The DOL is phasing out the existing EFAST2-issued User ID and password log-in process. It will replace it with the unified Login.gov single sign-on used for U.S. government websites. Login.gov enables users to securely log in to many government agencies’ services with a single username and password.
When?
Beginning Jan. 1, 2023, all new EFAST2 website accounts will be created using the Login.gov process.
Existing filers may change to a Login.gov account as early as Jan. 1, 2023 — however, they are not required to do so. The DOL is granting an eight-month grace period — existing filers may use their EFAST2-issued User ID and password to log in to the EFAST2 website until Sept. 1, 2023. The DOL is going to provide a gradual transition for filers.
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