This information collection relates to
regulations creating standards for fiduciary relief from liability
for default investment by individual account pension plans of
account assets of participants and beneficiaries who fail to
provide investment directions.
The burden estimates in this
submission have been adjusted to reflect changes in the disclosures
required by the Participant-Level Fee Disclosure Rule. The
pass-through provisions of the Default Investment Alternatives Rule
were previously reflected in this information collection as a
second information collection. They are now counted as part of the
burden in the Participant-Level Fee Disclosure Rule. In addition,
because data are now available that were not available during the
previous submissions, this analysis includes only plans that offer
auto-enrollment because this paints a more accurate picture of the
affected entities. Finally, plan counts, participant counts, wage
rates, and postage costs have all be updated to reflect more recent
data.
$0
No
No
No
No
No
Uncollected
Chris Cosby 202
693-8540
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.