Acquisition and Sale of Trust Real Estate Investment Trust Shares by Individual Account Plans Sponsored by Trust Real Estate Investment Trusts

ICR 202201-1210-002

OMB: 1210-0124

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2022-02-15
ICR Details
1210-0124 202201-1210-002
Received in OIRA 201809-1210-001
DOL/EBSA
Acquisition and Sale of Trust Real Estate Investment Trust Shares by Individual Account Plans Sponsored by Trust Real Estate Investment Trusts
Extension without change of a currently approved collection   No
Regular 02/23/2022
  Requested Previously Approved
36 Months From Approved 04/30/2022
140,700 144,900
7,046 7,257
465,717 459,333

The class exemption permits individual account pension plans sponsored by Trust Real Estate Investment Trusts (REITs) or their affiliates to purchase, hold, and sell publicly trades shares of beneficial interest in the Trust REIT, subject to conditions.

US Code: 26 USC 4975(c)(2) Name of Law: Internal Revenue Code
   US Code: 29 USC 1108 Name of Law: Employee Retirement Income Security Act of 1974
  
None

Not associated with rulemaking

  86 FR 62208 11/09/2021
87 FR 10252 02/23/2022
No

1
IC Title Form No. Form Name
Acqusition and Sale of Trust REIT Shares by Individual Account Plans Sponsored by Trust REITs

  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 140,700 144,900 0 0 -4,200 0
Annual Time Burden (Hours) 7,046 7,257 0 0 -211 0
Annual Cost Burden (Dollars) 465,717 459,333 0 0 6,384 0
No
No
There have been no program changes in this exemption since the prior submission; however, the Department has updated estimates underlying the analysis. The number of affected trusts has decreased but the costs of labor have all increased, which resulted in a decrease in the hour burden with an increase in the cost burden, when compared to the previous submission.

$0
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.
02/23/2022


© 2024 OMB.report | Privacy Policy