Employee Retirement Income Security Act of 1974 Technical Release 91-1

ICR 201201-1210-003

OMB: 1210-0084

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2012-03-14
IC Document Collections
ICR Details
1210-0084 201201-1210-003
Historical Active 200902-1210-001
DOL/EBSA
Employee Retirement Income Security Act of 1974 Technical Release 91-1
Extension without change of a currently approved collection   No
Regular
Approved without change 06/19/2012
Retrieve Notice of Action (NOA) 03/19/2012
  Inventory as of this Action Requested Previously Approved
06/30/2015 36 Months From Approved 06/30/2012
82,518 0 107,040
1,392 0 1,827
20,715 0 25,286

Employee Retirement Income Security Act of 1974 (ERISA) Technical Release 91-1 alerts the public to amendments to section 101(e) of ERISA that requires a plan to provide advanced notification to the Secretaries of Labor and the Treasury, as well as participants and beneficiaries, of an intended transfer of excess assets from a defined benefit plan to a retiree health account.

US Code: 29 USC 1021(e) Name of Law: Employee Retirement Income Security Act of 1974
  
None

Not associated with rulemaking

  76 FR 76439 12/07/2011
77 FR 16070 03/19/2012
No

1
IC Title Form No. Form Name
ERISA Technical Release 91-1

  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 82,518 107,040 0 0 -24,522 0
Annual Time Burden (Hours) 1,392 1,827 0 0 -435 0
Annual Cost Burden (Dollars) 20,715 25,286 0 0 -4,571 0
No
No
The Department has revised its estimate, as compared to the 2009 submission, to reflect current experience regarding the frequency of asset transfers under section 101(e) of ERISA and section 420 of the Code. More recent data suggest a reduction in the number of such asset transfers. The resulting paperwork burden estimate presents a more accurate, up-to-date picture of the impact of this information collection. Because of the financial crisis in 2008, the Department believes that the last few years may be somewhat anomalous and thus includes 5 years of data. Wages, overhead and mailing costs have been updated for 2012.

$0
No
No
No
No
No
Uncollected
Chris Cosby 202 693-8540

  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.
03/19/2012


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