Annual Return/Report of Employee Benefit Plan

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form Schedule A Annual Return/Report of Employee Benefit Plan	Form	Modified	Repair queued
PL 109-280.pdf	Supplementary Document	Uploaded 2008-07-11	Repair queued
Summary of changes 2008 (final rule).pdf	Supplementary Document	Uploaded 2008-07-11	Available
Summary of Changes 2008.doc	Supplementary Document	Uploaded 2008-07-11	Available
Form 5500 - PRA numbers 2007 to 2009.xls	Justification for No Material/Nonsubstantive Change	Uploaded 2007-05-29	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
40957	Annual Return/Report of Employee Benefit Plan	Form	Modified

ICR Details

OMB Control No: 1545-1610	ICR Reference No: 200807-1545-011
Status: Historical Active	Previous ICR Reference No: 200705-1545-065
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Annual Return/Report of Employee Benefit Plan
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 11/12/2008
	Date Received in OIRA: 08/01/2008
Terms of Clearance: Updated instructions

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2010	10/31/2010	10/31/2010
Responses	780,000	0	1,139,244
Time Burden (Hours)	593,000	0	2,173,483
Cost Burden (Dollars)	137,000,000	0	0

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Abstract: Form 5500 is an annual information return filed by employee benefit plans. The IRS uses this information to determine if the plan appears to be operating properly as required under the law or whether the plan should be audited. Uploaded forms are for informational purposes only.

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Authorizing Statute(s): US Code: 26 USC 6058 Name of Law: Information required in connection with certain plans of deferred compensation
  

Citations for New Statutory Requirements: PL: Pub.L. 109 - 280 1 Name of Law: The Pension Protection Act of 2006 (PPA)

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 13861	03/23/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 32707	06/13/2007
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
Annual Return/Report of Employee Benefit Plan	Schedule C, Schedule D, Schedule SSA , 5500, Schedule A , Sch MB (Form 5500), Schedule E, Schedule G, Schedule H, Schedule I, Schedule R , Sch SB (Form 5500)	Insurance Information ,   Service Provider Information ,   DFE/Participating Plan Information ,   ESOP Annual Information ,   Financial Transaction Schedules ,   Annual Registration Statement Identifying Separated Participants With Deferred Vested Benefits ,   Financial Information ,   Financial Information - Small Plan ,   Retirement Plan Information ,   Multiemployer Defined Benefit Plan and Certain Money Purchase Plan Actuarial Information ,   Annual Return/Report of Employee Benefit Plan ,   Single-Employer Defined Benefit Plan Actuarial Information

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ICR Summary of Burden

table that charts list of burden

	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	780,000	1,139,244	-69,433	0	-289,811	0
Annual Time Burden (Hours)	593,000	2,173,483	805,728	0	-2,386,211	0
Annual Cost Burden (Dollars)	137,000,000	0	27,400,000	0	109,600,000	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The Pension Protection Act of 2006 (PPA), PL 109-280, became law on August 17, 2006, and amended the Employee Retirement income Security Act of 1974 (“ERISA”) and the Internal Revenue code of 1986 (the “Code”). Statutory references are updated where applicable for the PPA relocations. Changes for the 2008 Form 5500 series are required by the provisions as mandated by the PPA. Changes were made to the forms in consultation and concurrence with IRS TEGE-EP(CC & Treasury) participants (and PBGC and EBSA/DOL, as appropriate) in the 2008 Form 5500 Development Committee. Burden estimates were also adjusted to correct previous over-estimates.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 08/01/2008

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