Section 110 of the Employee Retirement
Income Security Act (ERISA) authorizes the Secretary of Labor to
prescribe alternative methods of compliance with the reporting and
disclosure requirements of Title I of ERISA for pension plans. The
Department's regulations at 29 C.F.R. § 2520.104-49 provide an
alternative method of disclosure for sponsors of certain types of
Simplified Employee Pensions that is easier to comply with than
otherwise required under ERISA.
US Code:
29 USC 2520.104-49 Name of Law: Employee Income Retirement
Security Act of 1974
US Code: 29
USC 1030 Name of Law: Employee Income Retirement Security Act
of 1974
In the prior submission the
Agency submitted rounded burden estimates, in an effort to convey
uncertainty regarding the estimates. The Agency has now determined
that unrounded burden estimates provide better public
understanding. This change in approach is the cause of the increase
in the number of responses and the decrease in the hour burden. The
cost burden decreased due to a change in the Agency’s assumptions
regarding the usage of electronic methods of transmission.
$0
No
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.