Regulations Governing the Performance of Actuarial Services under the Employee Retirement Income Security Act of 1974 (20 CFR 901)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form Form 5434 FORM 5434, Application for Enrollment	Form and Instruction	Unchanged	Available
Form 5434-A Form 5434-A - Joint Board for the Enrollment of Actuaries Application for Renewal of Enrollment	Form and Instruction	Unchanged	Available
1545-0951_Supporting_Statement.doc	Supporting Statement A	Uploaded 2016-07-11	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
39888	FORM 5434, Application for Enrollment	Form and Instruction	Unchanged
206370	20 CFR 901 - Regulations Governing the Performance of Actuarial Services Under the Employee Retirement Income Security Act of 1972		Unchanged
206369	Form 5434-A - Joint Board for the Enrollment of Actuaries Application for Renewal of Enrollment	Form and Instruction	Unchanged

ICR Details

OMB Control No: 1545-0951	ICR Reference No: 201607-1545-019
Status: Historical Active	Previous ICR Reference No: 201304-1545-007
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Regulations Governing the Performance of Actuarial Services under the Employee Retirement Income Security Act of 1974 (20 CFR 901)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/02/2016
	Date Received in OIRA: 07/29/2016
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2019	36 Months From Approved	12/31/2016
Responses	10,100	0	10,100
Time Burden (Hours)	4,200	0	4,200
Cost Burden (Dollars)	0	0	0

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Abstract: The information relates to the granting of enrollment status to actuaries admitted (licensed) by the Joint Board for the Enrollment of Actuaries to perform actuarial services under the Employee Retirement Income Security Act of 1974.

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Authorizing Statute(s): US Code: 29 USC 1241 Name of Law: Joint Board for the Enrollment of Actuaries
   US Code: 26 USC 7805 Name of Law: Rules and regulations
  

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:
	81 FR 29956	05/13/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 49716	07/28/2016
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

table that charts list of burden

IC Title	Form No.	Form Name
20 CFR 901 - Regulations Governing the Performance of Actuarial Services Under the Employee Retirement Income Security Act of 1972
FORM 5434, Application for Enrollment	Form 5434	Joint Board for the Enrollment of Actuaries Application for Enrollment
Form 5434-A - Joint Board for the Enrollment of Actuaries Application for Renewal of Enrollment	5434-A	Joint Board for the Enrollment of Actuaries Application for Renewal of Enrollment

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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	10,100	10,100	0	0	0	0
Annual Time Burden (Hours)	4,200	4,200	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:

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Annual Cost to Federal Government: $10,000

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: 07/29/2016

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