Alternative Method of Compliance for Certain Simplified Employee Pensions

ICR 201102-1210-003

OMB: 1210-0034

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2011-07-20
IC Document Collections
ICR Details
1210-0034 201102-1210-003
Historical Active 200806-1210-001
DOL/EBSA
Alternative Method of Compliance for Certain Simplified Employee Pensions
Extension without change of a currently approved collection   No
Regular
Approved without change 12/20/2011
Retrieve Notice of Action (NOA) 07/27/2011
  Inventory as of this Action Requested Previously Approved
12/31/2014 36 Months From Approved 12/31/2011
68,000 0 103,590
21,000 0 21,227
23,000 0 31,297

Section 110 of the Employee Retirement Income Security Act (ERISA) authorizes the Secretary of Labor to prescribe alternative methods of compliance with the reporting and disclosure requirements of Title I of ERISA for pension plans. The Department's regulations at 29 C.F.R. § 2520.104-49 provide an alternative method of disclosure for sponsors of certain types of Simplified Employee Pensions that is easier to comply with than otherwise required under ERISA.

US Code: 29 USC 1030 Name of Law: Employee Income Retirement Security Act of 1974
  
None

Not associated with rulemaking

  76 FR 22728 04/22/2011
76 FR 44961 07/27/2011
No

1
IC Title Form No. Form Name
Alternative Method of Compliance for Certain Simplified Employee Pensions

  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 68,000 103,590 0 0 -35,590 0
Annual Time Burden (Hours) 21,000 21,227 0 0 -227 0
Annual Cost Burden (Dollars) 23,000 31,297 0 0 -8,297 0
No
No
Adjustments to the hour and cost burdens in the ICR result from updating the number of defined benefit plans and the estimates of numbers of participants who work past normal retirement age or return to work after retirement, and updating of materials and postal rates.

$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.
07/27/2011


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