Annual Financial and Actuarial Information Reporting (29 CFR Part 4010)

ICR 201911-1212-003

OMB: 1212-0049

Federal Form Document

IC Document Collections
ICR Details
1212-0049 201911-1212-003
Active 201907-1212-002
PBGC
Annual Financial and Actuarial Information Reporting (29 CFR Part 4010)
Revision of a currently approved collection   No
Regular
Approved without change 03/06/2020
Retrieve Notice of Action (NOA) 02/04/2020
  Inventory as of this Action Requested Previously Approved
03/31/2023 36 Months From Approved 05/31/2022
560 0 560
515 0 532
12,863,858 0 12,871,040

ERISA section 4010 requires the annual reporting of actuarial and financial information by controlled groups that sponsor pension plans that have significant underfunding. PBGC uses this information to detect and monitor financial problems with the controlled groups and to respond quickly when it learns that a controlled group intends to engage in a transaction that may reduce the assets available to pay plan liabilities.

US Code: 29 USC 1310 Name of Law: ERISA
  
None

1212-AB34 Final or interim final rulemaking 85 FR 6046 02/04/2020

Yes

1
IC Title Form No. Form Name
Annual Financial and Actuarial Information Reporting (29 CFR Part 4010) Appendix 1 Appendix 1 - 4010 Illustrative form

  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 560 560 0 0 0 0
Annual Time Burden (Hours) 515 532 0 -17 0 0
Annual Cost Burden (Dollars) 12,863,858 12,871,040 0 -7,182 0 0
No
Yes
Changing Regulations
The Miscellaneous Corrections, Clarifications, and Improvements final rule reduced burden by eliminating the requirement to provide specific financial information (revenues, operating income, and net assets) for each controlled group member of a filer.

$20,600
No
    No
    No
No
No
No
Uncollected
Stephanie Cibinic 202 326-4000 ext. 6352 cibinic.stephanie@pbgc.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.
02/04/2020


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