[Federal Register: January 10, 2007 (Volume 72, Number 6)]
[Notices]
[Page 1243-1244]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr10ja07-67]
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DEPARTMENT OF LABOR
Office of the Secretary
Submission for OMB Review: Comment Request
January 5, 2007.
The Department of Labor (DOL) has submitted the following public
information collection requests (ICR) to the Office of Management and
Budget (OMB) for review and approval in accordance with the Paperwork
Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. chapter 35). A copy of
each ICR, with applicable supporting documentation, may be obtained
from RegInfo.gov at http://www.reginfo.gov/public/do/PRAMain or by
contacting Darrin King on 202-693-4129 (this is not a toll-free number)
/ e-mail: king.darrin@dol.gov.
Comments should be sent to Office of Information and Regulatory
Affairs, Attn: OMB Desk Officer for the Employee Benefits Security
Administration (EBSA), Office of Management and Budget, Room 10235,
Washington, DC 20503, Telephone: 202-395-7316 / Fax: 202-395-6974
(these are not a toll-free numbers), within 30 days from the date of
this publication in the Federal Register.
The OMB is particularly interested in comments which:
Evaluate whether the proposed collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility;
Evaluate the accuracy of the agency's estimate of the
burden of the proposed collection of information,
[[Page 1244]]
including the validity of the methodology and assumptions used;
Enhance the quality, utility, and clarity of the
information to be collected; and
Minimize the burden of the collection of information on
those who are to respond, including through the use of appropriate
automated, electronic, mechanical, or other technological collection
techniques or other forms of information technology, e.g., permitting
electronic submission of responses.
Agency: Employee Benefits Security Administration.
Type of Review: Extension without change of currently approved
collection.
Title: Annual Report for Multiple Employer Welfare Arrangements
(Form M-1).
OMB Number: 1210-0116.
Frequency: Annually.
Type of Response: Reporting.
Affected Public: Private Sector: Business or other for-profit and
Not-for-profit institutions.
Estimated Number of Respondents: 515.
Estimated Number of Annual Responses: 515.
Average Response Time: Approximately 9 minutes (average across all
filers).
Estimated Total Burden Hours: 78.
Estimated Total Annualized capital/startup costs: $0.
Estimated Total Annual Costs (operating/maintaining systems or
purchasing services): $45,520.
Description: The Department's regulation at 29 CFR 2520.101-2
requires annual reporting by ``multiple employer welfare
arrangements,'' as defined in section 3(40) of Employee Retirement
Income Security Act (ERISA), and certain other entities claiming an
exception from the ERISA definition of ``multiple employer welfare
arrangements,'' for the purpose of determining the extent to which such
entities comply with Part 7 of ERISA. The Department provides a form
(Form M-1) for the required reporting and also provides an electronic
filing system through which entities may complete the required Form M-1
and file it without cost.
Pursuant to section 101(g) of ERISA, the Form M-1 information is
used by governmental oversight entities to determine the extent of
compliance with the requirements of Part 7 of ERISA by multiple
employer welfare arrangements and entities claiming exception under
section 3(40) of ERISA and to take appropriate compliance assistance
and enforcement actions.
Agency: Employee Benefits Security Administration.
Type of Review: Extension without change of currently approved
collection.
Title: ERISA Investment Manager Electronic Registration.
OMB Number: 1210-0125.
Frequency: Annually.
Type of Response: Reporting.
Affected Public: Private Sector: Business or other for-profit and
Not-for-profit institutions.
Estimated Number of Respondents: 500.
Estimated Number of Annual Responses: 500.
Average Response Time: 2 hours for new filers and 1 hour for
existing annual filers.
Estimated Total Burden Hours: 550.
Estimated Total Annualized capital/startup costs: $0.
Estimated Total Annual Costs (operating/maintaining systems or
purchasing services): $17,500.
Description: The Department's regulation at 29 CFR 2510.3-38
provides that, in order to meet the definition of investment manager in
the Employee Retirement Income Security Act 3(38), state-registered
investment advisers must register electronically through a centralized
electronic filing system established by the Securities and Extension
Commission and state investment authorities (``Investment Advisor
Registration Depository''/ IARD) rather than providing a paper copy of
their state registration to the Secretary of Labor.
Although the primary users of the information collected through the
Department's regulation are plan fiduciaries, who can review the IARD
registration statements for information about investment advisers that
are either currently service providers to the plan or potential service
providers to the plan, EBSA also uses the information for enforcement
and compliance purposes. EBSA investigators are expected to review IARD
data whenever they conduct an investigation that involves investment
advisers or investment managers.
Darrin A. King,
Acting Departmental Clearance Officer.
[FR Doc. E7-164 Filed 1-9-07; 8:45 am]
BILLING CODE 4510-29-P