To provide plan- and
investment-related fee and expense information to participants and
beneficiaries in all participant directed individual account plans
(e.g., 401(k) plans) for plan years beginning on or after January
1, 2011.
US Code:
29
USC 1401(c) Name of Law: Employee Retirement Income Security
Act of 1974
New regulations under ERISA
section 404(a)(5) and conforming amendments to existing regulations
under ERISA section 404(c) that would require plan fiduciaries to
disclose plan- and investment-related fee and expense information
to participants and beneficiaries in all participant-directed
individual account plans for plan years beginning on or after
January 1, 2011.
$0
No
No
No
No
No
Uncollected
Christopher Cosby 202-693-8425
cosby.chris@dol.gov
No
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.