Employee Retirement Income Security Act Prohibited Transaction Exemption 1986-128 For Securities Transactions Involving Employee Benefit Plans and Broker-Dealers

ICR 201603-1210-005

OMB: 1210-0059

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2016-04-06
Supporting Statement A
2016-04-05
ICR Details
1210-0059 201603-1210-005
Historical Active 201412-1210-005
DOL/EBSA
Employee Retirement Income Security Act Prohibited Transaction Exemption 1986-128 For Securities Transactions Involving Employee Benefit Plans and Broker-Dealers
Revision of a currently approved collection   No
Regular
Approved without change 06/14/2016
Retrieve Notice of Action (NOA) 04/08/2016
  Inventory as of this Action Requested Previously Approved
06/30/2019 36 Months From Approved 03/31/2018
907,000 0 1,300,000
68,000 0 35,000
735,000 0 1,100,000

Prohibited Transaction Exemption 86-128 (as amended) permits persons who serve as fiduciaries for employee benefit plans to effect or execute securities transactions on behalf of employee benefit plans.

US Code: 29 USC 1108 Name of Law: Employee Retirement Income Security Act of 1974
  
None

1210-ZA25 Final or interim final rulemaking 81 FR 21139 04/08/2016

  80 FR 22021 04/20/2015
80 FR 22021 04/20/2015
Yes

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 907,000 1,300,000 0 14,000 -407,000 0
Annual Time Burden (Hours) 68,000 35,000 0 5,000 28,000 0
Annual Cost Burden (Dollars) 735,000 1,100,000 0 12,000 -377,000 0
Yes
Changing Regulations
No
This analysis updates wage rates, postage rates, electronic disclosure rates, and counts of plans with broker-dealer relationships, which are the likeliest users of the exemption and the recipients of the disclosures. It also includes the burden resulting from the expansion of the exemption’s conditions to include managed non-ERISA plans and IRAs, as well as the new recordkeeping requirement.

$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.
04/08/2016


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