THIS REQUEST FOR APPROVAL OF A REVISION TO THE EXISTING CLEARANCE IS APPROVED SUBJECT TO FINAL REGULATORY ACTION BY THE DEPARTMENT. PENDING SUCH ACTION, THE OMB INVENTORY WILL CONTINUE TO SHOW THE BURDEN FOR THE COLLECTION OF INFORMATION REQUIREMENT CONTAINED IN THE CURRENTLY EFFECTIVE REGULATION. THE DEPARTMENT MUST RESUBMIT THIS COLLECTION OF INFORMATION REQUIREMEN AT THE FINAL REGULATORY STAGE IF THE DEPARTMENT MAKES ANY MATERIAL OR SUBSTANTIVE MODIFICATION TO THE COLLECTION OF INFORMATION REQUIREMENT CONTAINED IN THE NOTICE OF PROPOSED RULEMAKING HEREWITH APPROVED. IF NO CHANGE IS MADE, THE DEPARTMENT SHALL NOTIFY OMB OF THE ACTUAL BURDE OF THE COLLECTION OF INFORMATION REQUIREMENT CONTAINED IN THE FINAL REGULATION BY MEANS OF A CORRECTION WORKSHEET. OMB WILL ADJUST ITS INVENTORY RECORD TO REFLECT THE BURDEN REPORTED ON THAT WORKSHEET.
Inventory as of this Action
Requested
Previously Approved
04/30/1986
04/30/1986
12/31/1985
115,537,150
0
15,537,150
5,580,689
0
5,580,689
0
0
0
THIS IS A PROPOSED ALTERNATIVE METHOD OF COMPLIANCE UNDER ERISA RELATING TO EMPLOYEE BENEFIT PLANS. THE PROPOSED ALTERNATIVE WOULD, UPON ADOPTION, PERMIT PLANS TO FURNISH PARTICIPANTS WITH A "NOTICE" AND, UPON REQUEST, A COPY OF THE PREVIOUSLY PREPARED SPD & CHANGES THERETO IN SATISFACTION OF THE STATUTORY FIVE YEAR UPDATED SPD REQUIREMENT. THE PROPOSAL, UPON ADOPTION, WOULD SIGNIFICANTLY REDUCE THE ADMINISTRATIVE BURDENS & COSTS ATTRIBUTABLE TO COMPLIANCE WITH SPD
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.