Compliance News | September 6, 2023

New System Will Affect e-Filings and e-Payment is a new single sign-on system available to federal government websites that will allow a user to sign on to multiple federal government websites with the same username and password. This secure system, which requires identity verification and two-factor authentication, will affect electronic filing of Form 5500 with the DOL and electronic PBGC premium filings and payments.

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Beginning January 1, 2024, users of the DOL’s EFAST filing system will be required to access EFAST using Consequently, existing users will need to create an account on that can be linked to an existing EFAST account. (This change will not affect users that file using approved private software.)

This year, the PBGC is expected to adopt the sign-on system for its e-Filing Portal. The PBGC will contact users who have existing e-Filing accounts about the change.

The PBGC has already adopted the sign-on system for its My Plan Administration Account (My PAA). The change to the sign-on system for My PAA was effective November 21, 2022.


On May 12, 2021, President Biden issued Executive Order 14028, “Improving the Nation’s Cybersecurity,” which directs federal agencies to improve cybersecurity practices and software supply chain integrity. Among other actions, agencies are required to deploy multifactor authentication and encryption in public-facing websites.

The secure single sign-on system is intended to satisfy the mandates of EO 14028.

Effect on PBGC filings and payments

Defined benefit plans electronically submit PBGC premium filings, payments and certain requests using My Plan Administration Account (My PAA).

Other filings are submitted via the PBGC e-Filing Portal. Sponsors of multiemployer DB plans can use the e-Filing Portal to submit:

  • The annual funding notice
  • Notices of endangered or critical status
  • Information on withdrawal liability and actuarial valuation, if the plan is terminated by mass withdrawal or by plan amendment and expected to become insolvent, if the plan is insolvent and receiving financial assistance from PBGC
  • Notices of termination, if the plan has terminated as described in section 4041A(a) of ERISA
  • Notices of insolvency, if the plan terminates by mass withdrawal, or if the plan is insolvent in the current plan year or expected to be insolvent in the next plan year
  • Notices of insolvency benefit level, if the plan experiences a change in insolvency benefit level that affects participants and beneficiaries in pay status or expected to enter pay status
  • Applications for financial assistance
  • Applications for Special Financial Assistance (SFA)
  • Annual Statements of Compliance (for plans that have received SFA)

Sponsors of single-employer DB plans can use the e-Filing Portal to submit:

  • 4010 Filings
  • Form 10
  • Form10-Advance
  • Form 200
  • Documents required for settlement agreements

Implications for plan sponsors

Plan sponsors that e-file Form 5500 with the DOL and/or use the PBGC’s e-Filing Portal will need to create a username and password. As a reminder, since January 1, 2009, Form 8955-SSA is filed with the IRS and not as an attachment to the Form 5500.

Other federal agencies are gradually adopting the new system as it adds capacity.

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This page is for informational purposes only and does not constitute legal, tax or investment advice. You are encouraged to discuss the issues raised here with your legal, tax and other advisors before determining how the issues apply to your specific situations.