Wolters Kluwer has rolled out new enhancements that allow businesses to electronically file Form 5330 with the IRS from ftwilliam.com, Wolters Kluwer’s employee benefits and pension software.
Form 5330 is used to report and pay the excise tax related to employee benefit plans.
Wolters Kluwer says users are now able to prepare, submit, and track their Form 5330 filings through a familiar and easy-to-use interface.
“With this innovation, Wolters Kluwer continues to demonstrate its unparalleled understanding of the evolving needs of retirement plan service providers,” Rocco Impreveduto, vice president of regulatory and compliance solutions at Wolters Kluwer Legal & Regulatory U.S., said in a statement. “Customers can rely on ftwilliam.com to help them meet their compliance obligations with confidence and efficiency.”
The new functionality in Wolters Kluwer’s ftwilliam.com includes:
- Streamlined populating: Each Form 5330 filing can be automatically populated with basic plan or company information already contained within ftwilliam.com.
- Batch prepare: A new Form 5330 template allows customers to minimize redundant data entry and reduce manual labor by populating multiple forms at once.
- File securely: Customers can file using a secure ftwPortal Pro environment that integrates directly with the IRS’s Modernized e-File (MeF) system.
- Track progress: Submitted Form 5330 filings can be tracked or amended directly through ftwilliam.com.
Wolters Kluwer’s ftwilliam.com is a provider of software and services to retirement plan service providers. The cloud-based software’s offerings include retirement plan documents, government forms, compliance testing, and distribution tracking.
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