Notice2021-21237
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Annual Information Return/Report of Employee Benefit Plan
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
September 30, 2021
Issuing agencies
Labor Department
Abstract
The Department of Labor (DOL) is submitting this Employee Benefits Security Administration (EBSA)-sponsored information collection request (ICR) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited.
Full Text
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<title>Federal Register, Volume 86 Issue 187 (Thursday, September 30, 2021)</title>
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[Federal Register Volume 86, Number 187 (Thursday, September 30, 2021)]
[Notices]
[Pages 54244-54245]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-21237]
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DEPARTMENT OF LABOR
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Annual Information Return/Report of Employee
Benefit Plan
ACTION: Notice of availability; request for comments.
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[[Page 54245]]
SUMMARY: The Department of Labor (DOL) is submitting this Employee
Benefits Security Administration (EBSA)-sponsored information
collection request (ICR) to the Office of Management and Budget (OMB)
for review and approval in accordance with the Paperwork Reduction Act
of 1995 (PRA). Public comments on the ICR are invited.
DATES: The OMB will consider all written comments that agency receives
on or before November 1, 2021.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
Comments are invited on: (1) Whether the collection of information
is necessary for the proper performance of the functions of the
Department, including whether the information will have practical
utility; (2) if the information will be processed and used in a timely
manner; (3) the accuracy of the agency's estimates of the burden and
cost of the collection of information, including the validity of the
methodology and assumptions used; (4) ways to enhance the quality,
utility and clarity of the information collection; and (5) ways to
minimize the burden of the collection of information on those who are
to respond, including the use of automated collection techniques or
other forms of information technology.
FOR FURTHER INFORMATION CONTACT: Mara Blumenthal by telephone at 202-
693-8538, or by email at <a href="/cdn-cgi/l/email-protection#8acec5c6d5dad8cbd5dadfc8c6c3c9caeee5e6a4ede5fc"><span class="__cf_email__" data-cfemail="8acec5c6d5dad8cbd5dadfc8c6c3c9caeee5e6a4ede5fc">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: This information collection relates to
section 104 of ERISA, which requires administrators of employee benefit
pension and welfare plans (collectively referred to as employee benefit
plans) to file returns or reports annually with the federal government.
The Form 5500 return/reports are the principal source of information
and data available to the Department, the Internal Revenue Service, and
the Pension Benefit Guaranty Corporation (the Agencies) concerning the
operation of employee benefit plans. For this reason, the Form 5500
constitutes an integral part of the Agencies' enforcement, research,
and policy formulation programs. For additional substantive information
about this ICR, see the related notice published in the Federal
Register on March 31, 2021 (86 FR 16787).
This information collection is subject to the PRA. A Federal agency
generally cannot conduct or sponsor a collection of information, and
the public is generally not required to respond to an information
collection, unless the OMB approves it and displays a currently valid
OMB Control Number. In addition, notwithstanding any other provisions
of law, no person shall generally be subject to penalty for failing to
comply with a collection of information that does not display a valid
OMB Control Number. See 5 CFR 1320.5(a) and 1320.6.
DOL seeks PRA authorization for this information collection for
three (3) years. OMB authorization for an ICR cannot be for more than
three (3) years without renewal. The DOL notes that information
collection requirements submitted to the OMB for existing ICRs receive
a month-to-month extension while they undergo review.
Agency: DOL-EBSA.
Title of Collection: Annual Information Return/Report of Employee
Benefit Plan.
OMB Control Number: 1210-0110.
Affected Public: Private Sector--Businesses or other for-profits
and not-for-profit institutions.
Total Estimated Number of Respondents: 822,134.
Total Estimated Number of Responses: 822,134.
Total Estimated Annual Time Burden: 586,314 hours.
Total Estimated Annual Other Costs Burden: $280,700,898.
Authority: 44 U.S.C. 3507(a)(1)(D).
Dated: September 22, 2021.
Mara Blumenthal,
Senior PRA Analyst.
[FR Doc. 2021-21237 Filed 9-29-21; 8:45 am]
BILLING CODE 4510-29-P
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