PTE 1990-1; Insurance Company Pooled Separate Accounts

ICR 202112-1210-002

OMB: 1210-0083

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2022-02-15
IC Document Collections
ICR Details
1210-0083 202112-1210-002
Received in OIRA 201808-1210-004
DOL/EBSA
PTE 1990-1; Insurance Company Pooled Separate Accounts
Extension without change of a currently approved collection   No
Regular 02/23/2022
  Requested Previously Approved
36 Months From Approved 04/30/2022
1,080 1,020
180 170
0 0

PTE 90-1 permits parties in interest to an employee benefit plan that invests in an insurance company pooled separate account to engage in transactions with the separate account under specified conditions.

US Code: 29 USC 1108 Name of Law: Employee Retirement Income Security Act of 1974
   US Code: 26 USC 4975(c)(2) Name of Law: Internal Revenue Code
  
None

Not associated with rulemaking

  86 FR 62208 11/09/2021
87 FR 10248 02/23/2022
No

1
IC Title Form No. Form Name
PTE 90-1; Insurance Company Pooled Separate Accounts

  Total Request 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 1,080 1,020 0 0 60 0
Annual Time Burden (Hours) 180 170 0 0 10 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The Department has made certain minor adjustments based on new data. First, the number of insurance companies offering pooled separate accounts has increased from 102 companies to 108 companies, based on 2019 Form 5500 data. The result is that the Department’s estimate of the annual hour burden for this ICR has increased from 170 hours to 180 hours. Additionally, wage rates have been updated to reflect increased labor costs.

$0
No
    No
    No
No
No
No
No
James Butikofer 202 693-8434 [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.
02/23/2022


© 2024 OMB.report | Privacy Policy