Wolters Kluwer announced new enhancements to its ftwilliam.com employee benefits solution that now enables users to file a Form 5330 with the IRS directly from the platform.
Users can now take advantage of streamlined form populating that allows each Form 5330 (used to report and pay the excise tax related to employee benefits plans) to be automatically filled with basic plan or company information already contained within ftwilliam.com. The software also sports a new Form 5330 template that lets customers populate multiple forms at once, minimizing redundant data entry and manual labor. The software connects directly with the IRS's Modernized e-File system and allows users to track their submitted filings through ftwilliam.com.
"With this innovation, Wolters Kluwer continues to demonstrate its unparalleled understanding of the evolving needs of retirement plan service providers. Customers can rely on ftwilliam.com to help them meet their compliance obligations with confidence and efficiency," said Rocco Impreveduto, vice president of regulatory and compliance solutions at WK Legal and Regulatory U.S.
Wolters Kluwer bought ftwilliam.com in 2010, becoming part of the company's pension and benefits group. Back then, it was conceived of primarily as a way to securely comply with 5500 filing requirements.
The news comes very shortly after Wolters Kluwer announced the planned retirement of its longtime CEO, Nancy McKinstry, who has led the company since 2003. Her official retirement date is February 2026, at which point it is intended that Stacey Caywood, current CEO of Wolters Kluwer Health, will take over as chief executive. The Supervisory Board plans to nominate Caywood as a member of the executive board during its May 15, 2025, shareholder meeting. After that, the executive board of Wolters Kluwer N.V. will consist of McKinstry, CFO Kevin Entricken and Caywood. The plan is that Caywood will then be appointed CEO of Wolters Kluwer once McKinstry officially retires.
