Payment of Premiums (29 CFR part 4007)

ICR 202001-1212-001

OMB: 1212-0009

Federal Form Document

Forms and Documents
Document
Name
Status
Justification for No Material/Nonsubstantive Change
2020-02-03
Supporting Statement A
2019-10-30
IC Document Collections
ICR Details
1212-0009 202001-1212-001
Historical Active 201910-1212-005
PBGC
Payment of Premiums (29 CFR part 4007)
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 02/13/2020
Retrieve Notice of Action (NOA) 02/04/2020
  Inventory as of this Action Requested Previously Approved
12/31/2022 12/31/2022 12/31/2022
31,245 0 31,245
13,540 0 13,540
21,621,540 0 21,621,540

Administrators of PBGC-insured pension plans file with PBGC premium information and premium payments required under 29 USC 1307 and 29 CFR Part 4007, which also requires retention and production of records necessary to support premium filings. The information identifies payers and lets PBGC verify premium computations and perform premium audits. It also helps PBGC project premium income, improve financial projections, estimate its exposure if plans terminate, track movement of participants and assets, determine whether new plans are being created, and update its insured-plan inventory. The retained records facilitate audits.

US Code: 29 USC 1302(b)(3), 1303(a),1306, 1307 Name of Law: ERISA
  
None

Not associated with rulemaking

  84 FR 37694 08/01/2019
84 FR 58181 10/30/2019
No

1
IC Title Form No. Form Name
Payment of Premiums (29 CFR part 4007)

  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 31,245 31,245 0 0 0 0
Annual Time Burden (Hours) 13,540 13,540 0 0 0 0
Annual Cost Burden (Dollars) 21,621,540 21,621,540 0 0 0 0
No
No

$12,000,000
No
    No
    No
No
No
No
Uncollected
Stephanie Cibinic 202 326-4000 ext. 6352 [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.
02/04/2020


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