Abandoned Individual Account Plan Termination

ICR 201810-1210-003

OMB: 1210-0127

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2018-10-25
IC Document Collections
IC ID
Document
Title
Status
13509 Modified
ICR Details
1210-0127 201810-1210-003
Historical Active 201508-1210-002
DOL/EBSA
Abandoned Individual Account Plan Termination
Extension without change of a currently approved collection   No
Regular
Approved without change 04/05/2019
Retrieve Notice of Action (NOA) 03/01/2019
  Inventory as of this Action Requested Previously Approved
04/30/2022 36 Months From Approved 04/30/2019
1,014,463 0 1,308,000
37,680 0 47,700
562,225 0 689,000

This collection contains disclosure, recordkeeping, and reporting requirements associated with EBSA's abandoned plan program, which allows plan custodians to wind up plans that have been abandoned due to significant business events, such as bankruptcies, mergers, acquisitions, and other similar transactions affecting the status of an employer.

US Code: 29 USC 1104 Name of Law: Employee Retirement Income Security Act
  
None

Not associated with rulemaking

  83 FR 15635 04/11/2018
84 FR 7133 03/01/2019
No

  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 1,014,463 1,308,000 0 0 -293,537 0
Annual Time Burden (Hours) 37,680 47,700 0 0 -10,020 0
Annual Cost Burden (Dollars) 562,225 689,000 0 0 -126,775 0
No
No
The Department has revised the ICR to account for increases in wage rates, decrease in the usage of the Abandoned Plans Program, as well as a decrease in the number of terminating plans.

$25,215
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.
03/01/2019


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