[Federal Register Volume 75, Number 58 (Friday, March 26, 2010)]
[Notices]
[Pages 14631-14632]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-6744]
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DEPARTMENT OF LABOR
Office of the Secretary
Submission for OMB Review: Comment Request
March 22, 2010.
The Department of Labor (DOL) hereby announces the submission of
the following public 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 (Pub. L. 104-13, 44 U.S.C.
chapter 35).
[[Page 14632]]
A copy of this ICR, with applicable supporting documentation; including
among other things a description of the likely respondents, proposed
frequency of response, and estimated total burden may be obtained from
the RegInfo.gov Web site 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: [email protected].
Interested parties are encouraged to send comments to the Office of
Information and Regulatory Affairs, Attn: OMB Desk Officer for the
Department of Labor--Employee Benefits Security Administration (EBSA),
Office of Management and Budget, Room 10235, Washington, DC 20503,
Telephone: 202-395-7316/Fax: 202-395-5806 (these are not toll-free
numbers), E-mail: [email protected] within 30 days from the
date of this publication in the Federal Register. In order to ensure
the appropriate consideration, comments should reference the OMB
Control Number (see below).
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 without change of a currently approved
collection.
Title of Collection: Summary Plan Description Requirements Under
ERISA.
OMB Control Number: 1210-0039.
Affected Public: Private sector.
Estimated Number of Respondents: 3,508,000.
Total Estimated Annual Burden Hours: 262,000.
Total Estimated Annual Costs Burden (Operation and Maintenance):
$295,148,000.
Description: Section 104(b)(1) of the Employee Retirement Security
Act of 1974 (ERISA) requires the administrator of an employee benefit
plan to furnish each plan participant and each beneficiary receiving
benefits under the plan a copy of the plan's summary plan description
(SPD) within 90 days after an individual becomes a participant and (in
the case of a beneficiary) within 90 days after an individual first
receives benefits, or, if later, within 120 days after the plan first
becomes subject to Part 2 of Title I of ERISA. Section 104(b)(1)
further specifies that if a plan document is amended, an updated SPD
must be furnished subsequently every fifth year, integrating all plan
amendments made within such five-year period. If the plan document is
not amended, an updated SPD must be sent to participants and
beneficiaries every 10th year. The Department's regulations at 29 CFR
2520. 102-2, 102-3, 104b-2, and 104b-3, and provide guidance on the
content, frequency, and manner of disclosures required under ERISA to
be furnished by employee benefit plans to plan participants and certain
specified plan beneficiaries periodically in SPDs, Summaries of
Material Modifications, and Summaries of Material Reductions. For
additional information, see related notice published in the Federal
Register on November 27, 2009 (Vol. 74, page 62351).
Darrin A. King,
Departmental Clearance Officer.
[FR Doc. 2010-6744 Filed 3-25-10; 8:45 am]
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