Form 5500 filing options
EFAST2 IFILE vs. Form 5500 Software
IFILE is the Department of Labor’s web-based filing option. Dedicated desktop software can offer a different preparation workflow. Compare the two before choosing how you want to work.
| Workflow | EFAST2 IFILE | third-party Form 5500 software |
|---|---|---|
| Cost | Government web filing option; no software purchase from LawFirmSoftware.com. | Not currently offered for sale on LawFirmSoftware.com. |
| Where you work | Browser-based EFAST2/IFILE interface. | Windows desktop preparation application. |
| Validation | IFILE includes validation for errors and warnings before submission. | Features vary by third-party software provider. |
| Electronic filing | Validate, sign and submit through EFAST2. | Capabilities vary by third-party software provider; confirm the current provider’s filing/export method. |
| Files / data | Work is handled through the EFAST2 filing environment; IFILE also supports XML import/export. | Data-storage models vary by third-party software provider. |
| Best fit to evaluate | Users comfortable preparing and submitting directly through the government web interface. | Preparers who prefer capabilities offered by a third-party preparation system. |
Official source: EFAST2 IFILE User Guide and DOL EFAST2 FAQs.
Reference-only page: LawFirmSoftware.com is not currently offering Form 5500 software for sale. This free page remains available as a filing reference. Browse Form 5500 resources.