Negative Election in a Section 401 (k) Plan -- Revenue Ruling 98-20

ICR 199808-1545-009

OMB: 1545-1605

Federal Form Document

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ICR Details
1545-1605 199808-1545-009
Historical Active 199805-1545-033
TREAS/IRS
Negative Election in a Section 401 (k) Plan -- Revenue Ruling 98-20
Extension without change of a currently approved collection   No
Regular
Approved without change 10/09/1998
Retrieve Notice of Action (NOA) 08/19/1998
The agency is not required to display the expiration date.
  Inventory as of this Action Requested Previously Approved
10/31/2001 10/31/2001 12/31/1998
1,000 0 1,000
1,000 0 1,000
0 0 0

Revenue Ruling 98-20 describes certain criteria that must be met before an employee's compensation can be contributed to an employer's section 401 (k) plan in the absence of an affirmative election by the employee.

None
None


No

1
IC Title Form No. Form Name
Negative Election in a Section 401 (k) Plan -- Revenue Ruling 98-20

  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 1,000 1,000 0 0 0 0
Annual Time Burden (Hours) 1,000 1,000 0 0 0 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.
08/19/1998


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