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.
There have been no program
changes with this submission. The number of respondents and
responses increased due to more current data on the regulated plan
universe. The hour and cost burden decreased due to updates in the
Department’s assumptions regarding electronic distribution of the
disclosures.
$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.