Annual Certification for Multiemployer Defined Benefit Plans

ICR 202004-1545-009

OMB: 1545-2111

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2020-09-21
Supporting Statement A
2020-09-21
IC Document Collections
ICR Details
1545-2111 202004-1545-009
Received in OIRA 200712-1545-003
TREAS/IRS
Annual Certification for Multiemployer Defined Benefit Plans
Existing collection in use without an OMB Control Number   No
Regular 09/28/2020
  Requested Previously Approved
36 Months From Approved
1,200 0
900 0
0 0

Section 432(b)(3)(A) requires an actuarial certification of whether a multiemployer plan is in endangered status, and whether a multiemployer plan is or will be in critical status, for each plan year. This certification must be completed by the 90th day of the plan year and must be provided to the Secretary of the Treasury and to the plan sponsor. If the certification is with respect to a plan year that is within the plan’s funding improvement period or rehabilitation period arising from a prior certification of endangered or critical status, the actuary must also certify whether the plan is making scheduled progress in meeting the requirements of its funding improvement or rehabilitation plan.

US Code: 26 USC 432(a)-1 Name of Law: General rules relating to section 432
   US Code: 26 USC 432(b)-1 Name of Law: Determination of status and adoption of a plan
   PL: Pub.L. 109 - 280 212 Name of Law: Pension Protection Act of 2006
   US Code: 26 USC 7805 Name of Law: Rules and regulations
  
None

1545-BH39 Proposed rulemaking 73 FR 19451 03/18/2008

  85 FR 38020 06/24/2020
85 FR 60880 09/28/2020
Yes

1
IC Title Form No. Form Name
Determination of status and adoption of a plan

  Total Request 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 1,200 0 0 0 0 1,200
Annual Time Burden (Hours) 900 0 0 0 0 900
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
No
No
No
Laura Jovanovic 312 292-4415

  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.
09/28/2020


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