[Federal Register Volume 70, Number 107 (Monday, June 6, 2005)]
[Notices]
[Pages 32850-32851]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-11148]
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DEPARTMENT OF LABOR
Office of the Secretary
Submission for OMB Review: Comment Request
May 27, 2005.
The Department of Labor (DOL) has 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). A copy of
each ICR, with applicable supporting documentation, may be obtained by
contacting Darrin King on 202-693-4129 (this is not a toll-free number)
or e-mail: [email protected].
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, 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.
Agency: Employee Benefits Security Administration.
Type of Review: Extension of currently approved collection.
Title: Procedure for Application for Exemption from the Prohibited
Transaction Provisions of Section 408(a) of the Employee Retirement
Income Security Act of 1974 (ERISA).
OMB Number: 1210-0060.
Frequency: On occasion.
Type of Response: Reporting and Third party disclosure.
Affected Public: Business or other for-profit; Not-for-profit
institutions; and Individuals or households.
Number of Respondents: 84.
Number of Annual Responses: 143.
Estimated Time Per Response: Varies from 15 hours for an attorney
to prepare and application to 2 minutes for a clerical person to notify
interested parties.
Total Burden Hours: 0.
Total Annualized Capital/Startup Costs: $0.
Total Annual Costs (Operating/Maintaining Systems or Purchasing
Services): $372,581.
Description: Section 408(a) of ERISA authorizes the Secretary of
Labor to grant exemptions from the prohibited transaction sections of
406 and 407(a) of ERISA and directs the Secretary to establish a
procedure with respect to such provisions. This regulation provides a
procedure that requires applications for exemption to make certain
disclosures to the Department of Labor and to participants and
beneficiaries.
Agency: Employee Benefits Security Administration.
Type of Review: Extension of currently approved collection.
Title: Application for EFAST-1 Electronic Signature and Codes for
EFAST Transmitters and Software Developers.
OMB Number: 1210-0117.
Frequency: On occasion.
Type of Response: Reporting.
Affected Public: Business or other for-profit; Not-for-profit
institutions; and Individuals or households.
Number of Respondents: 5,200.
Number of Annual Responses: 5,200.
Estimated Time Per Response: 20 minutes.
Total Burden Hours: 1,716.
Total Annualized Capital/Startup Costs: $0.
Total Annual Costs (Operating/Maintaining Systems or Purchasing
Services): $1,976.
Description: The information provided by the applicants on EFAST-1,
combined with the codes supplied to the applicants by the program,
allow EFAST to verify a filer, transmitter, or software developer's
standing as a qualified participant in the EFAST electronic filing
program for the Form 5500 and 5500-EZ. EFAST-1 information also
establishes a means of contact between the EFAST program and filers,
transmitters, and software developers for information exchange.
Agency: Employee Benefits Security Administration.
Type of Review: Extension of currently approved collection.
Title: Consent to Receive Employee Benefit Plan Disclosure
Electronically.
OMB Number: 1210-0121.
Frequency: On occasion.
Type of Response: Recordkeeping and Third party disclosure.
Affected Public: Business or other for-profit; Not-for-profit
institutions; and Individuals or households.
Number of Respondents: 41,000.
Number of Annual Responses: 41,000.
Estimated Time Per Response: Varies from 2 hours for an attorney to
develop
[[Page 32851]]
disclosure materials to 1 minute for clerical staff to photocopy
materials.
Total Burden Hours: 683.
Total Annualized Capital/Startup Costs: $0.
Total Annual Costs (Operating/Maintaining Systems or Purchasing
Services): $716,000.
Description: Regulations at 29 CFR 2520.104b-1 and 2520.107-1
govern the use of electronic technologies to satisfy information
disclosure and recordkeeping requirements under title I of the Employee
Retirement Income Security Act of 1974, as amended (ERISA). Generally,
consent is required to be obtained prior to providing disclosures
electronically to participants and beneficiaries at a location other
than the workplace.
Ira L. Mills,
Departmental Clearance Officer.
[FR Doc. 05-11148 Filed 6-3-05; 8:45 am]
BILLING CODE 4510-29-P