Requirements of a Bona Fide Profit-Sharing Plan or Trust (29 CFR Part 549)

ICR 199506-1215-015

OMB: 1215-0122

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
ICR Details
1215-0122 199506-1215-015
Historical Active 199210-1215-001
DOL/ESA
Requirements of a Bona Fide Profit-Sharing Plan or Trust (29 CFR Part 549)
Extension without change of a currently approved collection   No
Regular
Approved without change 09/07/1995
Retrieve Notice of Action (NOA) 06/27/1995
None; correspondence of 8/31/95 and 9/7/95 accepted.
  Inventory as of this Action Requested Previously Approved
11/30/1998 11/30/1998 11/30/1995
864,000 0 0
1 0 3
0 0 0

Section 7(e)(3)(b) of the Fair Labor Standards Act permits the exclusion from an employee's regular rate of pay of payments on behalf of an employee to a "bona fide" profit-sharing plan. Regulations, 29 CFR Part 549, set forth the requirements for a bona-fide profit-sharing plan.

None
None


No

1
IC Title Form No. Form Name
Requirements of a Bona Fide Profit-Sharing Plan or Trust (29 CFR Part 549)

  Total Approved 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 864,000 0 0 0 864,000 0
Annual Time Burden (Hours) 1 3 0 0 -2 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  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.
06/27/1995


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