Prohibited Transaction Class Exemption 96-62, Process for Expedited Approval of an Exemption for Prohibited Transaction

ICR 200802-1210-003

OMB: 1210-0098

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2008-02-29
ICR Details
1210-0098 200802-1210-003
Historical Active 200501-1210-002
DOL/EBSA
Prohibited Transaction Class Exemption 96-62, Process for Expedited Approval of an Exemption for Prohibited Transaction
Extension without change of a currently approved collection   No
Regular
Approved without change 04/25/2008
Retrieve Notice of Action (NOA) 03/12/2008
  Inventory as of this Action Requested Previously Approved
04/30/2011 36 Months From Approved 04/30/2008
50 0 45
62 0 56
67,675 0 40,000

This class exemption permits a plan to seek approval on an accelerated basis of otherwise prohibited transactions by providing the Department and interested persons with information demonstrating the transaction is substantially similar to at least two individual exemptions previously granted and presents little, if any, opportunity for abuse or risk of loss to a plans' participants and beneficiaries.

US Code: 26 USC 4975 Name of Law: Internal Revenue Code of 1986
   US Code: 29 USC 1108 Name of Law: Employee Retirement Income Security Act of 1974
  
None

Not associated with rulemaking

  72 FR 72764 12/21/2007
73 FR 13252 03/12/2008
No

1
IC Title Form No. Form Name
Prohibited Transaction Class Exemption 96-62, Process for Expedited Approval of an Exemption for Prohibited Transaction

  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 50 45 0 0 5 0
Annual Time Burden (Hours) 62 56 0 0 6 0
Annual Cost Burden (Dollars) 67,675 40,000 0 0 27,675 0
No
No
There were increases in burden and costs due to changes in EBSA's estimate and increased postage costs.

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Christopher Cosby 202-693-8425 [email protected]

  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.
03/12/2008


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