Annual Information
Return/Report of Employee Benefit Plan
Revision of a currently approved collection
No
Regular
12/15/2021
Requested
Previously Approved
36 Months From Approved
11/30/2024
840,923
822,134
3,031,649
586,314
0
280,700,898
Section 101 and 104 of Title I of
ERISA require plan administrators to file an annual report
containing the information described in section 103 of ERISA. The
Form 5500 provides a standard format for fulfilling that
requirement.
US Code:
29
USC 1023 Name of Law: Employee Retirement Income Security Act
of 1974
PL: Pub.L. 116 - 94 O Name of Law: The
Setting Every Community Up for Retirement Enhancement Act of 2019
(SECURE Act)
Form 5500 Schedule G, Form 5500 Schedule H, Form 5500 Schedule
D, Form 5500-SF, Form 5500 Schedule R, Form 5500, Form 5500
Schedule A, Form 5500 Schedule C, Form 5500 Schedule I, Form 5500
Schedule MB, Form 5500 Schedule SB
Financial Transaction Schedules , Financial Information
, DFE/Participating Plan Information , Short Form
Annual Return/Report of Small Employee Benefit Plan ,
Retirement Plan Information , Annual Return/Report of
Employee Benefit Plan , Service Provider Information ,
Financial Information--Small Plans , Multiemployer
Defined Benefit Plans and Certain Money Purchase Plan Actuarial
Information , Single-Employer Defined Benefit Plan Actuarial
Information , Insurance Information
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
840,923
822,134
18,789
0
0
0
Annual Time Burden (Hours)
3,031,649
586,314
2,313
0
2,443,022
0
Annual Cost Burden (Dollars)
0
280,700,898
0
0
-280,700,898
0
No
No
The Department is updating the
burden estimates to reflect the most current data on filing counts
due to the creation of pooled employer plans and new filing
requirements for defined contribution MEPs. Note that to reflect
OMB’s guidance that burden incurred by service providers be
reported as hour burden instead of cost burden, burden that has
historically been included as cost burden has been included here as
hour burden. This change led to a large increase in reported hour
burden and an offsetting decrease in cost burden.
$6,600,000
No
No
No
No
No
No
No
James Butikofer 202 693-8434
Butikofer.James@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.