Extension without change of a currently approved collection
No
Regular
03/16/2022
Requested
Previously Approved
36 Months From Approved
04/30/2022
246,918
207,209
22,202
7,295
42,175
551,111
The program provides a method for
voluntary correction of specified types of transactions that
violate (or are suspected of violating) the prohibited transaction
provisions of ERISA and for securing the Department's assurance
that it will take no further action with respect to the corrected
transaction. The exemption relieves applicants who make corrections
under the Program of penalties under section 4975 of under the
Internal Revenue Code under specified conditions.
US Code:
29
USC 1132 Name of Law: Employee Retirement Income Security Act
of 1974
When the Department calculates
burden estimates for the information collections contained in the
VFC Program, it uses the experience of the three most recent fiscal
years data are available. There are no plan size restrictions
regarding which plans are permitted to participate in the VFC
Program; however, the plans that participate in the VFC Program
tend to be small. Average usage from FY 2018 to FY 2020 increased
relative to the preceding period. Additionally, the burden of the
outside service providers is now counted toward the hour burden.
Finally, the Department has revised the wage and postal rates and
updated the Federal burden to reflect increased labor rates. As a
result, the total hour burden and the equivalent cost of the total
hour burden has increased and the total cost burden has
decreased.
$1,529,000
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.