Focus Groups and Survey Regarding Pension Benefit Statements

Forms and Documents

Document Name	Status
No material change justification 10-6-14.docx Justification for No Material/Nonsubstantive Change	2014-10-07
Key changes to Retirement statement survey and experiment.docx Supplementary Document	2014-10-06
CEOPRAPARTBApproval.pdf Supplementary Document	2013-07-18
Part A Supporting Statement 2014-05-22.docx Supporting Statement A	2014-05-22
Part B Supporting Statement.docx Supporting Statement B	2013-05-28

IC Document Collections

IC ID	Document Title	Status
207087	Focus Groups Other-Focus Group Discussion Guide	Unchanged
207086	Household Survey Other-Survey Instrument	Modified

ICR Details

OMB Control No: 1210-0151	ICR Reference No: 201410-1210-001
Status: Historical Active	Previous ICR Reference No: 201305-1210-006
Agency/Subagency: DOL/EBSA	Agency Tracking No:
Title: Focus Groups and Survey Regarding Pension Benefit Statements
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/15/2014
	Date Received in OIRA: 10/07/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2017	05/31/2017	05/31/2017
Responses	2,950	0	2,950
Time Burden (Hours)	945	0	945
Cost Burden (Dollars)	0	0	0

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Abstract: Section 105(a) of the Employee Retirement Income Security Act of 1974 (ERISA), which is administered by DOL, requires administrators of ERISA-covered individual account plans to automatically furnish periodic benefit statements to participants and beneficiaries. The Department of Labor Employee Benefits Security Administration (DOL-EBSA) is requesting approval from the Office of Management and Budget (OMB) to conduct a survey and an experiment on participants in an existing household Internet panel called the American Life Panel (ALP) and to conduct four focus groups of non-panel members. The survey and focus groups are exploring whether information contained in sample benefit statements can be presented in a way that improves recipients' understanding of the statements and helps them better plan for retirement. This project is funded by DOL-EBSA. DOL has contracted with the RAND Corporation, a non-profit research institute, to conduct this study. Specifically, the data will be collected through the following methods: • Four focus groups that will pretest the model benefits statements, each containing slightly different information. • A survey of 2,900 respondents from the American Life Panel

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Authorizing Statute(s): US Code: 29 USC 105(a) Name of Law: Employee Retirement Income Security Act of 1974 (ERISA)
  

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:
	78 FR 4458	01/22/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 48722	08/09/2013
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Focus Groups
Household Survey

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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	2,950	2,950	0	0	0	0
Annual Time Burden (Hours)	945	945	0	0	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: No

Burden Reduction Due to:

Short Statement: This is a new ICR.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? Yes Part B of Supporting Statement

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: 10/07/2014

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