REG-115699-09 (NPRM), Suspension or Reduction of Safe Harbor Nonelective Contributions

ICR 201308-1545-079

OMB: 1545-2191

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2010-06-03
IC Document Collections
ICR Details
1545-2191 201308-1545-079
Historical Active 200905-1545-007
TREAS/IRS RuleMaking (ah-XXXX-007)
REG-115699-09 (NPRM), Suspension or Reduction of Safe Harbor Nonelective Contributions
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 08/29/2013
Retrieve Notice of Action (NOA) 08/29/2013
Pre-approval contingent upon no substantive changes to this collection after adoption of the final rule. Otherwise this collection should be re-submitted to OMB for review.
  Inventory as of this Action Requested Previously Approved
09/30/2013 36 Months From Approved
5,000 0 0
10,000 0 0
0 0 0

These regulations allow a 401(k) plan using the safe harbor provisions of section 401(k)(12) to suspend or reduce nonelective safeharbor contributions due to a business hardship. They must give employees notice of this reduction.

US Code: 26 USC 401(k) Name of Law: Cash or deferred arrangments.
  
None

1545-BI64 Final or interim final rulemaking 74 FR 23134 05/28/2009

No

1
IC Title Form No. Form Name
REG-115699-09 (NPRM), Suspension or Reduction of Safe Harbor Nonelective Contributions

  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 5,000 0 0 5,000 0 0
Annual Time Burden (Hours) 10,000 0 0 10,000 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
No
This document contains proposed amendments to the regulations relating to certain cash or deferred arrangements and matching contributions under section 401(k) plans and section 403(b) plans. These regulations affect administrators of, employers maintaining, participants in, and beneficiaries of certain section 401(k) plans and section 403(b) plans. The collection of information in these proposed regulations is in §1.401(k)-3. The collection relates to the new supplemental notice in the case of a reduction or suspension of safe harbor nonelective contributions. The change in these regulations has increased the burden by 10,000 hours.

$0
No
No
No
Uncollected
No
Uncollected
William Gibbs 202 622-6030

  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.
06/03/2010


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