[Federal Register Volume 75, Number 76 (Wednesday, April 21, 2010)]
[Notices]
[Pages 20865-20866]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-9182]
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DEPARTMENT OF LABOR
Office of the Secretary
Submission for OMB Review: Comment Request
April 16, 2010.
The Department of Labor (DOL) hereby announces the submission of
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; 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.
[[Page 20866]]
Agency: Employee Benefits Security Administration.
Type of Review: Extension without change of a currently approved
collection.
Title of Collection: Employee Benefit Plan Claims Procedure Under
ERISA.
OMB Control Number: 1210-0053.
Affected Public: Private sector.
Estimated Number of Respondents: 6,646,164.
Total Estimated Annual Burden Hours: 506,808.
Total Estimated Annual Costs Burden (operation and maintenance):
$509,877,037.
Description: The Employee Retirement Income Security Act of 1974
(ERISA) Section 503 and the Department's implementing regulations at 29
CFR 2560.503-1 require employee benefit plans to establish procedures
for resolving benefit claims under the plan, including initial claims
and appeal of denied claims. The regulation requires specific
information to be disclosed at different stages of the claims process.
It also requires claims denial notices to be provided within specific
time frames and to include specific information. For additional
information, see related notice published in the Federal Register on
January 14, 2010 (Vol. 75 FR page 2161).
Agency: Employee Benefits Security Administration.
Type of Review: Extension without change of a currently approved
collection.
Title of Collection: PTE 80-83--Sale of Securities to Reduce
Indebtedness of Party in Interest.
OMB Control Number: 1210-0064.
Affected Public: Private sector.
Estimated Number of Respondents: 25.
Total Estimated Annual Burden Hours: 15.
Total Estimated Annual Costs Burden (operation and maintenance):
$0.
Description: This Class Exemption exempts from the prohibited
transaction provisions of the Employee Retirement Income Security Act
of 1974 certain transactions involving an employee benefit plan's
purchase of securities that may aid the issuer of the securities, who
is a party in interest to the plan, in reducing or retiring its
indebtedness to a third party. For additional information, see related
notice published in the Federal Register on December 30, 2009 (Vol. 74
FR page 69366).
Agency: Employee Benefits Security Administration.
Type of Review: Extension without change of a currently approved
collection.
Title of Collection: Prohibited Transaction Class Exemption 75-1
Security Transactions with Broker-Dealers, Reporting Dealers and Banks.
OMB Control Number: 1210-0092.
Affected Public: Private sector.
Estimated Number of Respondents: 8,376.
Total Estimated Annual Burden Hours: 1,396.
Total Estimated Annual Costs Burden (operation and maintenance):
$0.
Description: This class exemption from the prohibited transaction
provisions of the Employee Retirement Income Security Act of 1974
permits certain banks, registered broker-dealers, and reporting dealers
in government securities who are parties in interest to employee
benefit plans to engage in specified kinds of securities transactions
with the plans. For additional information, see related notice
published in the Federal Register on December 31, 2009 (Vol. 74 FR page
69366).
Agency: Employee Benefits Security Administration.
Type of Review: Extension without change of a currently approved
collection.
Title of Collection: PTE 88-59--Residential Mortgage Financing
Arrangements Involving Employee Benefit Plans.
OMB Control Number: 1210-0095.
Affected Public: Private sector.
Estimated Number of Respondents: 2,237.
Total Estimated Annual Burden Hours: 932.
Total Estimated Annual Costs Burden (operation and maintenance):
$0.
Description: This class exemption permits employee benefit plans to
enter into specified transactions involving residential mortgage loans
with parties in interest without violating the prohibited transaction
provisions of the Employee Retirement Income Security Act of 1974,
provided specified conditions are met. Among other conditions, the plan
must maintain records pertaining to covered transactions for the
duration of the loan and must make the records available upon request
to plan trustees, investment managers, participants and beneficiaries,
and agents of the Department or the Internal Revenue Service. For
additional information, see related notice published at in the Federal
Register on December 31, 2009 (Vol. 74 FR page 69363).
Agency: Employee Benefits Security Administration.
Type of Review: Extension without change of a currently approved
collection.
Title of Collection: Petition for Finding Under Section 3(40) of
ERISA.
OMB Control Number: 1210-0119.
Affected Public: Private sector.
Estimated Number of Respondents: 45.
Total Estimated Annual Burden Hours: 225.
Total Estimated Annual Costs Burden (operation and maintenance):
$163,268.
Description: The Department's regulations at 29 CFR 2570.150 et
seq. provide procedures for an entity against whom State jurisdiction
has been asserts to petition the Secretary to make a finding under
section 3(40)(A)(i) of the Employee Retirement Income Security Act of
1974 (ERISA) that the entity is established or maintained under or
pursuant to one or more collective bargaining agreements. The
regulations establish procedures for initiating an administrative
proceeding before the Office of Administrative Law Judges (ALJs) and
establish that an ALJ's decision shall constitute a finding under
section 3(40)(A)(i) of ERISA. The regulations also provide for an
appeal of an ALJ decision to the Secretary. For additional information,
see related notice published in the Federal Register on December 30,
2009 (Vol. 74 FR page 69148).
Darrin A. King,
Departmental Clearance Officer.
[FR Doc. 2010-9182 Filed 4-20-10; 8:45 am]
BILLING CODE 4510-29-P