Duties of Plan Sponsor Following Mass Withdrawal (29 CFR Part 4281)

ICR 201101-1212-015

OMB: 1212-0032

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2011-01-31
IC Document Collections
ICR Details
1212-0032 201101-1212-015
Historical Active 200802-1212-006
PBGC
Duties of Plan Sponsor Following Mass Withdrawal (29 CFR Part 4281)
Extension without change of a currently approved collection   No
Regular
Approved without change 05/02/2011
Retrieve Notice of Action (NOA) 02/01/2011
  Inventory as of this Action Requested Previously Approved
05/31/2014 36 Months From Approved 04/30/2011
164,501 0 97,482
1 0 1
681,521 0 701,574

Plan sponsors of multiemployer pension plans terminated by mass withdrawal give notices to PBGC and plan participants about plan insolvency and benefit reductions; notices to participants about electing benefit options; and requests to PBGC for financial assistance or permission to distributee benefits in different amounts or forms than otherwise allowed. PBGC uses information submitted to it to make statutory determinations and estimate the need for financial assistance to plans. Participants use information sent to them to make personal financial decisions.

US Code: 29 USC 1441 Name of Law: ERISA
  
None

Not associated with rulemaking

  75 FR 70045 11/16/2010
76 FR 5220 01/28/2011
No

1
IC Title Form No. Form Name
Duties of Plan Sponsor Following Mass Withdrawal (29 CFR Part 4281)

  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 164,501 97,482 0 0 67,019 0
Annual Time Burden (Hours) 1 1 0 0 0 0
Annual Cost Burden (Dollars) 681,521 701,574 0 0 -20,053 0
No
No

$62,488
No
No
No
No
No
Uncollected
Donald McCabe 202-326-4223 ext. 3872 [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.
02/01/2011


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