Disclosures for Participant Directed Individual Account Plans Under ERISA Section 404(c)

ICR 200602-1210-001

OMB: 1210-0090

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
1210-0090 200602-1210-001
Historical Active 200303-1210-003
DOL/EBSA
Disclosures for Participant Directed Individual Account Plans Under ERISA Section 404(c)
Extension without change of a currently approved collection   No
Regular
Approved without change 03/30/2006
Retrieve Notice of Action (NOA) 02/02/2006
  Inventory as of this Action Requested Previously Approved
03/31/2009 03/31/2009 03/31/2006
30,164,000 0 39,100,000
860,000 0 36,950
33,020,000 0 17,755,000

The regulation under ERISA section 404(c) provides that where an individual account pension plan permits individual investment direction, under specific conditions including certain information disclosure provisions, the individual will not be deemed a fiduciary and no person otherwise a fiduciary shall be liable for any loss or breach that results from the individual's exercise of control.

None
None


No

1
IC Title Form No. Form Name
Disclosures for Participant Directed Individual Account Plans Under ERISA Section 404(c)

  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 30,164,000 39,100,000 0 0 -8,936,000 0
Annual Time Burden (Hours) 860,000 36,950 0 0 823,050 0
Annual Cost Burden (Dollars) 33,020,000 17,755,000 0 0 15,265,000 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.
02/02/2006


© 2024 OMB.report | Privacy Policy