Extension without change of a currently approved collection
No
Regular
03/16/2022
Requested
Previously Approved
36 Months From Approved
04/30/2022
1,134,752
1,014,463
47,902
37,680
58,989
562,225
This collection contains disclosure,
recordkeeping, and reporting requirements associated with EBSA's
abandoned plan program, which allows plan custodians to wind up
plans that have been abandoned due to significant business events,
such as bankruptcies, mergers, acquisitions, and other similar
transactions affecting the status of an employer.
US Code:
29
USC 1104 Name of Law: Employee Retirement Income Security
Act
The Department has revised its
cost estimates to account for increases in wage rates, increase in
the usage of the Abandoned Plans Program, as well as an increase in
the number of terminating plans. Additionally, the burden of an
outside QTA is now counted toward the hour burden. As a result, the
total hour burden and the equivalent cost of the total hour burden
has increased, whereas the total cost burden has decreased.
$54,210
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.