myRA Employee Product Adoption Study

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Part B_myRA Employee Product Adoption Study Artemis rev.doc	Supporting Statement B	Uploaded 2014-11-18	Available
Part A_myRA Employee Product Adoption Study.doc	Supporting Statement A	Uploaded 2014-11-10	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
213768	myRA Employee Product Adoption Study	Other-Questionnaire	New

ICR Details

OMB Control No: 1530-0057	ICR Reference No: 201411-1530-001
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: TREAS/FISCAL	Agency Tracking No:
Title: myRA Employee Product Adoption Study
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 11/10/2014
OIRA Conclusion Action: Approved with change	Conclusion Date: 11/18/2014
	Date Received in OIRA: 11/10/2014
Terms of Clearance: Treasury and OMB agree that the use of the Internet panel for this study will not yield nationally representative results or precise estimates of the population. Treasury will be using this information solely for internal purposes to provide a range of information to assist program managers to inform and adjust program efforts. It is anticipated that information from this panel will be useful for assessing how and to whom to communicate about myRA, and serving as one input on the approximate level of interest that can be expected in the program.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2015	6 Months From Approved
Responses	4,000	0	0
Time Burden (Hours)	1,000	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The myRA product research will be conducted to provide information to Treasury myRA program management as part of the rollout of the myRA product by Treasury Fiscal Service. This is part of an ongoing research program to support this new retirement product. The product has been named since President Obama introduced it in this year's State of the Union. It is on track to be released by early 2015. The product is intended to be introduced primarily through employer payroll deduction procedures. This study will provide precise feedback on the myRA product from an employee perspective in a manner that allows detailed ratings on receptivity, what's important to people, and will allow the projection of uptake rates.

Emergency Justfication: Research for this project is critical to provide precise feedback on the myRA product from an employee perspective in a manner that allows detailed ratings on receptivity, what's important to people, and will allow the projection of uptake rates. The new product was introduced by President Obama in this year's State of the Union and Treasury was given a compressed schedule to release the product by early 2015.

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Authorizing Statute(s): None

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

Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

IC Title	Form No.	Form Name
myRA Employee Product Adoption Study

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ICR Summary of Burden

table that charts list 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	4,000	0	0	4,000	0	0
Annual Time Burden (Hours)	1,000	0	0	1,000	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: This is a new collection.

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Annual Cost to Federal Government:

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: 11/10/2014

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