This rule relates to certain cash or deferred arrangements under section 401(k) and matching contributions and employee contributions under section 401(m). The collection of information relates to the new supplemental notice requirements in the case of a reduction or suspension of safe harbor non-elective or matching contributions and the requirement to include additional information in the notice for certain plans that would be permitted to reduce or suspend safe harbor non-elective or matching contributions for a plan year even if the employer had not experienced a business hardship.
Reinstatement.
US Code:
26 USC 401(k)
Name of Law: Cash or deferred arrangments.
US Code:
26 USC 401(m)
Name of Law: Nondiscrimination test for matching contributions and employee contributions
This is a reinstatement without change of a previously approved information collection. An information collection request was submitted to the Office of Management and Budget (OMB) at the time of the proposed regulations and the collection received a preapproval and an OMB number was assigned. The collection was activated prior to the publication of the final rule and was discontinued to be later reinstated when final regulations were published. Final regulations have been published, and we wish to reinstate this information collection at this time.
$0
No
No
No
No
No
Uncollected
William Gibbs 202 622-6030
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.
TD_9641_1545-2191_SS_25NOV2013.doc
TD 9641 - Suspension or Reduction of Safe Harbor Contributions (REG-115699-09)