[Federal Register: November 4, 2004 (Volume 69, Number 213)]
[Notices]
[Page 64326-64327]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr04no04-75]
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DEPARTMENT OF LABOR
Office of the Secretary
Submission for OMB Review; Comment Request
October 26, 2004.
The Department of Labor (DOL) and the Pension Benefit Guaranty
Corporation have submitted the following public information collection
requests (ICRs) 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).
[[Page 64327]]
A copy of each ICR, with applicable supporting documentation, may be
obtained by contacting the Department of Labor (DOL) or the Pension
Benefit Guaranty Corporation (PBGC). To obtain documentation from DOL,
contact Darrin King at 202-693-4129 (this is not a toll-free number) or
e-mail: king.darrin@dol.gov. To obtain documentation from PBGC, contact
Harold J. Ashner on 202-326-4024 (this is not a toll-free number) or e-
mail: ashner.harold@pbgc.gov.
Comments should be sent to Office of Information and Regulatory
Affairs, Attn: OMB Desk Officer for the Employee Benefits Security
Administration (EBSA) and Pension Benefit Guaranty Corporation (PBGC),
Office of Management and Budget, Room 10235, Washington, DC 20503, 202-
395-7316 (this is not a toll-free number), 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, 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.
Type of Review: Extension of a currently approved collection.
Title: Annual Information Return/Report.
Form Number: Form 5500 and Schedules.
Frequency: On occasion and Annually.
Type of Response: Reporting; Recordkeeping; and Third-party
disclosure.
Affected Public: Business or other for-profit; Not-for-profit
institutions; Individuals or households; and Farms.
Paperwork Reduction Act Burden Breakout by Agency:
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Agency EBSA PBGC
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OMB Number........................ 1210-0110 1212-0057
Number of Respondents............. 837,755 28,900
Number of Annual Responses........ 837,755 28,900
Total Burden Hours................ 1,948,529 2,373
Total Annualized capital/startup $0 $0
costs............................
Total Annual Costs (operating/ $663,870,000 $1,737,078
maintaining systems or purchasing
services)........................
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Average response time: Varies considerably by plan size. Large
plans may spend considerably more time reporting than small plans.
Description: Under Titles I and IV of the Employee Retirement
Income Security Act of 1974, as amended, and the Internal Revenue Code
of 1986, as amended (the Code), pension and other employee benefit
plans are generally required to file annual returns/reports concerning,
among other things, the financial condition and operations of the plan.
These annual reporting requirements can be satisfied by filing the Form
5500 in accordance with its instructions and related regulations. The
Form 5500 is the primary source of information concerning the
operation, funding, assets and investments of pension and other
employee benefit plans. In addition to being an important disclosure
document for plan participants and beneficiaries, the Form 5500 is a
compliance and research tool for EBSA, PBGC, and the IRS, and a source
of information for other federal agencies, Congress, and the private
sector for use in assessing employee benefit, tax, and economic trends
and policies.
Ira L. Mills,
Departmental Clearance Officer, U.S. Department of Labor.
[FR Doc. 04-24660 Filed 11-3-04; 8:45 am]
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