Notice2026-17835
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Default Investment Alternatives Under Participant Directed Individual Account Plans
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 1, 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
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<title>Federal Register, Volume 91 Issue 168 (Tuesday, September 1, 2026)</title>
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[Federal Register Volume 91, Number 168 (Tuesday, September 1, 2026)]
[Notices]
[Pages 56218-56219]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-17835]
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DEPARTMENT OF LABOR
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Default Investment Alternatives Under
Participant Directed Individual Account Plans
ACTION: Notice of availability; request for comments.
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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 October 1, 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#90d4dfdccfc0c2d1cfc0c5d2dcd9d3d0f4fffcbef7ffe6"><span class="__cf_email__" data-cfemail="3d797271626d6f7c626d687f71747e7d595251135a524b">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: The Department of Labor finalized a
regulation under ERISA section 404(c)(5)(A). The regulation offers
guidance on the types of investment vehicles that plans may choose as
their ``qualified default investment alternative'' (QDIA) and receive
fiduciary relief. The regulation also outlines two types of information
collections. First, it implements the statutory requirement that plans
provide annual notices to participants and beneficiaries whose account
assets could be invested in a QDIA. Second, the regulation requires
plans to disclose certain information regarding a QDIA to those
participants and beneficiaries with assets invested in the QDIA as well
to provide certain information on request. These two information
collections are necessary to inform participants and beneficiaries, who
do not make investment elections, of the consequences of their failure
to elect investments, the ways in which their account assets will be
invested through the QDIA, and of their continuing opportunity to make
other investment elections, including options available under the plan.
For additional substantive information about this ICR, see the related
notice published in the Federal Register on February 18, 2026 (91 FR
7528).
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,
[[Page 56219]]
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: Default Investment Alternatives under
Participant Directed Individual Account Plans.
OMB Control Number: 1210-0132.
Affected Public: Private sector.
Total Estimated Number of Respondents: 461,479.
Total Estimated Number of Responses: 58,280,320.
Total Estimated Annual Time Burden: 95,854 hours.
Total Estimated Annual Other Costs Burden: $2,500,225.
(Authority: 44 U.S.C. 3507(a)(1)(D))
Michael Howell,
Senior Paperwork Reduction Act Analyst.
[FR Doc. 2026-17835 Filed 8-31-26; 8:45 am]
BILLING CODE 4510-29-P
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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.