Products October 19, 2007

DATAIR Unveils 2007 5500 Series Forms

Software provider DATAIR Employee Benefit Systems, Inc. has released its Pension Reporter software package containing 2007 plan year EFAST-approved paper and electronic 5500 series forms and schedules, as well as the 2007 SAR.
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This release comes with all printing capabilities, validity checking and built-in instructions, according to a press release. DATAIR’s staff provides support on both software and forms completion questions. The firm says it is the first vendor to win government approval for the 2007 5500 series forms.

The Pension Reporter system is licensed by DATAIR to Third Party Administrators, Consultants, Plan Sponsors and other pension and benefits professionals on a site basis (no limits to number of computers) with license and support fees being based on the number of plans administered.

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Modules Available

DATAIR’s Pension Reporter is available in four modules:

  • Annual Reporting Series: EFAST 5500-series, PBGC Premium-series, SAR, and 5500 electronic filing;
  • 1099-R Series: 1099-R and related forms, 945/945-A, and 1099 electronic filing;
  • Qualification & Termination: 5300/5310-series and PBGC 500/600-series forms; and
  • FAS 132/158: Audit letter, worksheets and schedules.

The system includes government instructions, detailed instant edit checks, year-to-year data transfer, data import capabilities, and conversions from other systems. Licensees are entitled to expert support on systems and forms issues at no additional cost, according to the firm.

Additional information about Pension Reporter and other DATAIR software is available at www.datair.com or by calling (888) 328-2474.

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