Notice2026-01015
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Plan Asset Transactions Determined by In-House Asset Managers Under Prohibited Transaction Class Exemption 96-23
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
January 21, 2026
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
<html>
<head>
<title>Federal Register, Volume 91 Issue 13 (Wednesday, January 21, 2026)</title>
</head>
<body><pre>
[Federal Register Volume 91, Number 13 (Wednesday, January 21, 2026)]
[Notices]
[Page 2563]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-01015]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF LABOR
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Plan Asset Transactions Determined by In-House
Asset Managers Under Prohibited Transaction Class Exemption 96-23
ACTION: Notice of availability; request for comments.
-----------------------------------------------------------------------
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 the agency
receives on or before February 20, 2026.
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.
FOR FURTHER INFORMATION CONTACT: Michael Howell by telephone at 202-
693-6782, or by email at <a href="/cdn-cgi/l/email-protection#682c272437383a2937383d2a24212b280c0704460f071e"><span class="__cf_email__" data-cfemail="33777c7f6c6361726c6366717f7a7073575c5f1d545c45">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
The Department granted PTE 84-14 (49 FR 9494, as corrected 50 FR
41430), a class exemption that permits various parties in interest (as
defined in ERISA section 3(14)) to employee benefit plans to engage in
transactions involving plan assets if, among other conditions, the
assets are managed by a ``qualified professional asset manager''
(QPAM), but still did not provide relief for transactions involving the
assets of plans managed by an in-house asset manager. The Department
granted PTE 96-23 (61 FR 15975), Class Exemption for Plan Asset
Transactions Determined by In-House Asset Managers. The class exemption
permits various parties in interest to employee benefit plans to engage
in transactions involving plan assets if, among other requirements, the
assets are managed by an in-house asset manager (INHAM).
PTE 96-23 contains requirements for written guidelines between an
INHAM and a property manager that an INHAM has retained to act on its
behalf. The information collection requirements consist of the
requirements that the INHAM develop written policies and procedures
designed to assure compliance with the conditions of the exemption and
have an independent auditor conduct an annual INHAM exemption audit and
issue an audit report to each plan. For additional substantive
information about this ICR, see the related notice published in the
Federal Register on July 11, 2025 (90 FR 30984).
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) 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; (3) ways to enhance the quality,
utility and clarity of the information collection; and (4) 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.
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: Plan Asset Transactions Determined by In-House
Asset Managers under Prohibited Transaction Class Exemption 96-23.
OMB Control Number: 1210-0145.
Affected Public: Private sector.
Total Estimated Number of Respondents: 20.
Total Estimated Number of Responses: 20.
Total Estimated Annual Time Burden: 940 hours.
Total Estimated Annual Other Costs Burden: $560,000.
(Authority: 44 U.S.C. 3507(a)(1)(D))
Michael Howell,
Senior Paperwork Reduction Act Analyst.
[FR Doc. 2026-01015 Filed 1-20-26; 8:45 am]
BILLING CODE 4510-29-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on January 21, 2026.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.