Summary Plan Description Requirements Under the Employee Retirement Income Security Act of 1974, as Amended

Forms and Documents

Document	Type	Status	Availability
SPD Supporting Statement 6-27-19.doc	Supporting Statement A	Uploaded 2019-06-27	Available
Supplemental Tables.rtf	Supplementary Document	Uploaded 2019-06-27	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
13335	Summary Plan Description Requirements Under ERISA		Modified

ICR Details

OMB Control No: 1210-0039	ICR Reference No: 201906-1210-010
Status: Historical Active	Previous ICR Reference No: 201605-1210-002
Agency/Subagency: DOL/EBSA	Agency Tracking No:
Title: Summary Plan Description Requirements Under the Employee Retirement Income Security Act of 1974, as Amended
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: 10/07/2019
	Date Received in OIRA: 08/20/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2022	36 Months From Approved	10/31/2019
Responses	112,733,000	0	108,466,000
Time Burden (Hours)	289,000	0	279,000
Cost Burden (Dollars)	324,020,000	0	172,736,000

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Abstract: The Department's regulations provide guidance on the content, frequency, and manner of disclosures required under ERISA to be furnished by employee benefit plans to plan participants and certain specified plan beneficiaries periodically in Summary Plan Descriptions (SPDs), Summaries of Material Modifications(SMMs), and Summaries of Material Reductions (SMRs).

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Authorizing Statute(s): US Code: 29 USC 1022 Name of Law: Employee Retirement Income Security Act of 1974
   US Code: 29 USC 1024 Name of Law: Employee Retirement Income Security Act of 1974
  

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:
	84 FR 11573	03/27/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 43162	08/20/2019
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Summary Plan Description Requirements Under ERISA

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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	112,733,000	108,466,000	0	0	4,267,000	0
Annual Time Burden (Hours)	289,000	279,000	0	0	10,000	0
Annual Cost Burden (Dollars)	324,020,000	172,736,000	0	0	151,284,000	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: There have been no program changes to this ICR since the prior submission. Differences in the burden estimates arise from adjustments to hourly labor cost rates, plan and participant numbers, assumptions on electronic disclosure, increased postage costs, and correction of an error contained in the prior submission. These updated inputs produce an increase in the number of respondents, responses, hour burden, and cost burden. Most of the large increase in the cost burden, compared against the prior approval, that appears in the summary table of the ROCIS entry, is attributable to an error in the prior submission. Rather than inputting the total cost burden into the summary table during the prior submission, only the cost burden associated with distribution of the disclosures was included in the summary table. The correct cost burden during the prior submission was $308,355,000, which increases to $324,020,000 for this ICR.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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: 08/20/2019

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