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

ICR 201010-1210-005

OMB: 1210-0090

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2010-07-06
IC Document Collections
ICR Details
1210-0090 201010-1210-005
Historical Active 200904-1210-003
DOL/EBSA
Disclosures for Participant Directed Individual Account Plans Under ERISA Section 404(c)
Revision of a currently approved collection   No
Regular
Approved without change 10/25/2010
Retrieve Notice of Action (NOA) 10/25/2010
  Inventory as of this Action Requested Previously Approved
10/31/2013 36 Months From Approved 06/30/2012
738,206,912 0 54,692,000
6,583,000 0 1,316,000
221,000,000 0 63,070,000

To provide plan- and investment-related fee and expense information to participants and beneficiaries in all participant directed individual account plans (e.g., 401(k) plans) for plan years beginning on or after January 1, 2011.

US Code: 29 USC 1401(c) Name of Law: Employee Retirement Income Security Act of 1974
  
None

1210-AB07 Final or interim final rulemaking 75 FR 64910 10/20/2010

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 738,206,912 54,692,000 0 683,514,912 0 0
Annual Time Burden (Hours) 6,583,000 1,316,000 0 5,267,000 0 0
Annual Cost Burden (Dollars) 221,000,000 63,070,000 0 157,930,000 0 0
Yes
Changing Regulations
No
New regulations under ERISA section 404(a)(5) and conforming amendments to existing regulations under ERISA section 404(c) that would require plan fiduciaries to disclose plan- and investment-related fee and expense information to participants and beneficiaries in all participant-directed individual account plans for plan years beginning on or after January 1, 2011.

$0
No
No
No
No
No
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.
07/27/2010


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