Duties of Plan Sponsor Following Mass Withdrawal (29 CFR Part 4281)

ICR 201406-1212-012

OMB: 1212-0032

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2014-07-11
IC Document Collections
ICR Details
1212-0032 201406-1212-012
Historical Active 201403-1212-004
PBGC
Duties of Plan Sponsor Following Mass Withdrawal (29 CFR Part 4281)
Revision of a currently approved collection   No
Regular
Approved with change 07/21/2014
Retrieve Notice of Action (NOA) 06/16/2014
  Inventory as of this Action Requested Previously Approved
07/31/2017 36 Months From Approved 06/30/2017
164,501 0 164,501
1 0 1
407,153 0 441,454

Plan sponsors of multiemployer pension plans terminated by mass withdrawal give notices to PBGC and plan participants about plan insolvency and benefit reductions; notices to participants about electing benefit options; and requests to PBGC for financial assistance or permission to distributee benefits in different amounts or forms than otherwise allowed. PBGC uses information submitted to it to make statutory determinations and estimate the need for financial assistance to plans. Participants use information sent to them to make personal financial decisions.

US Code: 29 USC 1441 Name of Law: ERISA
  
None

1212-AB13 Final or interim final rulemaking 79 FR 30459 05/28/2014

No

1
IC Title Form No. Form Name
Duties of Plan Sponsor Following Mass Withdrawal (29 CFR Part 4281)

  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 164,501 164,501 0 0 0 0
Annual Time Burden (Hours) 1 1 0 0 0 0
Annual Cost Burden (Dollars) 407,153 441,454 0 -34,301 0 0
No
No

$57,761
No
No
No
No
No
Uncollected
Daniel Liebman 202 326-4024 [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.
06/16/2014


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