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Federal forms, ICRs, and supporting documents

Information Collection Request

Acquisition and Sale of Trust REIT Shares by Individual Account Plans Sponsored by Trust REITs

ICR 200907-1210-007 · OMB 1210-0124 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
PTEREITss09.doc Supporting Statement A Uploaded 2009-07-20 Available
IC Document Collections
IC IDCollectionTypeStatusForm
43801 Acqusition and Sale of Trust REIT Shares by Individual Account Plans Sponsored by Trust REITs Other-PTE 2004-07 Modified
ICR Details
1210-0124 200907-1210-007
Historical Active 200606-1210-005
DOL/EBSA
Acquisition and Sale of Trust REIT Shares by Individual Account Plans Sponsored by Trust REITs
Extension without change of a currently approved collection   No
Regular
Approved without change 08/31/2009
Retrieve Notice of Action (NOA) 07/30/2009
  Inventory as of this Action Requested Previously Approved
08/31/2012 36 Months From Approved 08/31/2009
79,800 0 104,545
3,990 0 4,733
201,894 0 40,000
The class exemption permits individual account pension plans sponsored by Trust Real Estate Investment Trusts (REITs) or their affiliates to purchase, hold, and sell publicly trades shares of beneficial interest in the Trust REIT, subject to conditions.
US Code: 29 USC 1106 Name of Law: Employee Retirement Income Security Act of 1974
  
None
Not associated with rulemaking
  74 FR 17987 04/20/2009
74 FR 38044 07/30/2009
No
1
IC Title Form No. Form Name
Acqusition and Sale of Trust REIT Shares by Individual Account Plans Sponsored by Trust REITs
  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 79,800 104,545 0 0 -24,745 0
Annual Time Burden (Hours) 3,990 4,733 0 0 -743 0
Annual Cost Burden (Dollars) 201,894 40,000 0 0 161,894 0
No
No
There have been no program changes in this exemption since the prior submission; however, the Department has updated estimates underlying the analysis. First, based on new information from National Association of Real Estate Investment Trusts (NAREIT), the number of affected Trusts has declined. Second, labor rates have increased. In addition, the Department has revised the material and postage estimates. The primary reason that the cost estimate is much higher than the previous submission is that the price of mailing the reports has changed. The average length of a quarterly report is about 35 pages, which means that the previous estimation of $0.42 per mailing was too low. Instead, the Department approximates that printing those 35 pages at $0.05 per page would cost $1.75, and that mailing a report would take cost approximately $0.78. Therefore the total cost of sending each report is estimated to be approximately $2.53, and, based on this factor, the total cost burden for the information has increased since the last submission from $158,085 to $305,894.
$0
No
No
Uncollected
Uncollected
No
Uncollected
Christopher Cosby 202-693-8425 [email protected]
  No
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.
07/30/2009