Should former employees in the COBRA election period be counted as “retired or separated participants receiving benefits” on line 6b of the Form 5500?

Form 5500 - COBRA Participants

Should former employees in the COBRA election period be counted as “retired or separated participants receiving benefits” on line 6b of the Form 5500? COBRA Election Period Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), certain separated employees can continue their health coverage under the employer’s group health plan, usually …

Continue reading

EFAST 2 Electronic Filing Requirements

electronic filing, DOL EFAST2 System

Department of Labor Filing Acceptance System Form 5500 and Form 5500-SF returns/reports, as well as amended and delinquent filings, must be filed electronically with the Department of Labor’s (DOL) ERISA Filing Acceptance System 2 (EFAST2). The Pension Protection Act (PPA) of 2006 originally required that the Form 5500 series returns/reports …

Continue reading