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
The Department is renewing the
information collections contained in PTE 86-128 that were in place
prior to 2016. This analysis uses updated labor cost estimates.
Costs of postage have been updated. Additionally, the number of
plans affected has been updated to reflect updated Form 5500 data.
The estimated number of new plans has also been updated to reflect
updated Form 5500 data. The estimated number of affected
broker-dealer fiduciaries has been updated to reflect current
Securities and Exchange Commission data. These updates resulted in
an increase in the number of disclosures produced and in the cost
burden.
$0
No
No
No
No
No
No
Uncollected
Allan Beckmann 202 693-8429
beckmann.allan@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.