Annual Return/Report of Employee Benefit Plan

Forms and Documents

Document Name	Status
Form Schedule A Annual Return/Report of Employee Benefit Plan Form	Modified
supporting statement.doc Supporting Statement A	2010-10-25
TERMS OF CLEARANCE.doc Supplementary Document	2010-10-25
Justification for nonmaterial nonsubstantive changembsb10.doc Justification for No Material/Nonsubstantive Change	2010-04-12

IC Document Collections

IC ID	Document Title	Status
40957	Annual Return/Report of Employee Benefit Plan Form	Modified

ICR Details

OMB Control No: 1545-1610	ICR Reference No: 201009-1545-044
Status: Historical Active	Previous ICR Reference No: 201004-1545-007
Agency/Subagency: TREAS/IRS	Agency Tracking No: ah-1610-044
Title: Annual Return/Report of Employee Benefit Plan
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/23/2011
	Date Received in OIRA: 10/29/2010
Terms of Clearance: Treasury will continue to determine whether there is double-counting of burden with Dept. of Labor's associated collections 1210-0110, 1210-0089, 1212-0057, and SSA collection 0960-0606.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2014	36 Months From Approved	01/31/2011
Responses	780,335	0	780,000
Time Burden (Hours)	320,028	0	323,000
Cost Burden (Dollars)	98,000,000	0	98,000,000

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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.

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

Citations for New Statutory Requirements: PL: Pub.L. 111 - 192 1 Name of Law: The Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010

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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:
	75 FR 33386	06/11/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 66828	10/29/2010
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Annual Return/Report of Employee Benefit Plan	Schedule D, 5500, Schedule A , Sch MB (Form 5500), Schedule G, Schedule H, Schedule I, Schedule R , Sch SB (Form 5500), 5500-SF, Schedule C	Insurance Information ,   Service Provider Information ,   DFE/Participating Plan Information ,   Financial Transaction Schedules ,   Financial Information ,   Financial Information - Small Plan ,   Retirement Plan Information ,   Annual Return/Report of Employee Benefit Plan ,   Single-Employer Defined Benefit Plan Actuarial Information ,   Short Form Annual Return/Report of Small Employee Bennefit Plan ,   Multiemployer Defined Benefit Plan and Certain Money Purchase Plan Actuarial Information

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ICR Summary 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	780,335	780,000	335	0	0	0
Annual Time Burden (Hours)	320,028	323,000	28	0	-3,000	0
Annual Cost Burden (Dollars)	98,000,000	98,000,000	0	0	0	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: No

Burden Reduction Due to:

Short Statement: IRS burden was reduced by 3,000 hours to correct double accounting. The Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010 (PRA 2010), Pub. L. No. 111¬-192, provides two optional special funding rules that are available to plan sponsors of multiemployer defined benefit plans. Although PRA 2010 was enacted on June 25, 2010, it may affect a plan’s funding computations for plan years for which a Form 5500 and Schedule MB have already been filed. The Service recently issued Notice 2010-83, 2010-51 I.R.B. 862, explaining, among other things, how to report the effects of the special funding rules for such years (as approved by OMB on 11/19/2010 ). These changes have resulted in a total burden increase of 28 hours and 335 responses.

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Annual Cost to Federal Government: $3,032,900

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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

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: 10/29/2010

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