Termination of Single Employer Plans

ICR 202409-1212-002

OMB: 1212-0036

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Justification for No Material/Nonsubstantive Change
2024-09-25
Justification for No Material/Nonsubstantive Change
2023-10-20
Supporting Statement A
2023-02-02
IC Document Collections
IC ID
Document
Title
Status
13567 Modified
ICR Details
1212-0036 202409-1212-002
Received in OIRA 202310-1212-004
PBGC
Termination of Single Employer Plans
No material or nonsubstantive change to a currently approved collection   No
Regular 09/25/2024
  Requested Previously Approved
03/31/2026 03/31/2026
1,654 1,654
41,730 41,730
8,509,747 8,509,747

Plan administrators of plans terminating voluntarily must submit certain information to the PBGC and provide certain information to affected third parties. The PBGC needs the information required to be submitted to ensure that a voluntary termination if completed in accordance with statutory and regulatory requirements and to facilitate the payment of benefits to missing participants. Participants need the information required to be disclosed so that they will be informed about the status of the proposed termination of their plan and about their benefits upon termination.

US Code: 29 USC 1350 Name of Law: ERISA
   US Code: 29 USC 1341 Name of Law: ERISA
  
None

Not associated with rulemaking

  87 FR 68524 11/15/2022
88 FR 7482 02/03/2023
No

  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 1,654 1,654 0 0 0 0
Annual Time Burden (Hours) 41,730 41,730 0 0 0 0
Annual Cost Burden (Dollars) 8,509,747 8,509,747 0 0 0 0
No
No

$0
No
    Yes
    No
No
No
No
No
Melissa Rifkin 202 326-4400 rifkin.melissa@pbgc.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.
09/25/2024


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