Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan

Forms and Documents

Document	Type	Status	Availability
Form 5500-EZ Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan	Form	Modified	Available
Non-Display Expiration Date Statement.docx	Supplementary Document	Uploaded 2013-06-25	Repair queued
Supporting Statement.doc	Supporting Statement A	Uploaded 2013-06-19	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
39892	Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan	Form	Modified
198224	PILOT PROGRAM FOR DELINQUENT FORM 5500EZ FILERS	Other-Cover Sheet	Removed

ICR Details

OMB Control No: 1545-0956	ICR Reference No: 201306-1545-042
Status: Historical Active	Previous ICR Reference No: 201106-1545-012
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/24/2013
	Date Received in OIRA: 06/26/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2016	36 Months From Approved	10/31/2013
Responses	250,000	0	252,000
Time Burden (Hours)	7,005,000	0	7,005,167
Cost Burden (Dollars)	0	0	0

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Abstract: Form 5500-EZ is an annual return filed by a one-participant or one-participant and spouse pension plan. The IRS uses this data to determine if the plan appears to be operating properly as required under the law or whether the plan should be audited.

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Authorizing Statute(s): US Code: 26 USC 410(b) Name of Law: Minimum coverage requirements
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 63422	10/16/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 38446	06/26/2013
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
PILOT PROGRAM FOR DELINQUENT FORM 5500EZ FILERS
Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan	5500-EZ	Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan

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ICR Summary of Burden

	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	250,000	252,000	0	-2,000	0	0
Annual Time Burden (Hours)	7,005,000	7,005,167	0	-167	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: Form 5500EZ filers do not qualify for the DFVC Program. We are removing 2,000 estimated annual responses and 167 annual hours from this request.

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Annual Cost to Federal Government: $10,231

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 06/26/2013

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