Under PBGC regulations implementing 29
CFR Part 4043 of ERISA, plan administrators and contributing
sponsors must notify PBGC of certain reportable events. The
reporting requirements give PBGC timely notice of events that
indicate plan or contributing sponsor financial problems. PBGC uses
the information provided in determining what, if any, action it
needs to take.
The changes in burden and cost
are the result of an increase in the number of expected filings
based upon the proposed rule changes, anticipated changes in
economic conditions, and a revised estimate (based on a small
survey of practitioners) in the hourly contracting rate from $350
for all plans to $320 for large plans and $130 for small plans. In
addition, in light of the small number of advance-report filings,
PBGC combined the data for post-event reporting (the Form 10) and
advance reporting (the Form-10 Advance).
$128,030
No
No
No
No
No
Uncollected
Catherine Klion 202
326-4024
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.