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Federal forms, ICRs, and supporting documents

Information Collection Request

Rev Proc 2017-41 modifying Revenue Procedure 2015-36 Master and Prototype and Volume Submitter Plans (previously Rev. Proc. 2011-49 & 2005-16)

ICR 201711-1545-010 · OMB 1545-1674 · Active

Forms and Documents
DocumentTypeStatusAvailability
Form Form 4461-B Form 4461-B Form and Instruction Modified Available
Form Form 4461-A Form 4461-A Form and Instruction Modified Available
Form Form 4461 Form 4461 Form and Instruction Modified Available
Supporting Statement (Most current 11 13 2017).docx Supporting Statement A Uploaded 2017-11-13 Available
IC Document Collections
IC IDCollectionTypeStatusForm
43885 Rev Proc 2017-41 modifying Revenue Procedure 2015-36 (Master and Prototype and Volume Submitter Plans) (previously Rev. Proc. 2011-49 & 2005-16) Modified
227135 Form 4461-B Form and Instruction Modified
227134 Form 4461-A Form and Instruction Modified
227133 Form 4461 Form and Instruction Modified
ICR Details
1545-1674 201711-1545-010
Active 201704-1545-028
TREAS/IRS
Rev Proc 2017-41 modifying Revenue Procedure 2015-36 Master and Prototype and Volume Submitter Plans (previously Rev. Proc. 2011-49 & 2005-16)
Extension without change of a currently approved collection   No
Regular
Approved without change 02/28/2018
Retrieve Notice of Action (NOA) 12/27/2017
  Inventory as of this Action Requested Previously Approved
02/28/2021 36 Months From Approved 02/28/2018
321,500 0 321,500
1,108,225 0 1,108,225
0 0 0
The issuance of an opinion letter for a pre-approved plan by the Employee Plans function of the Tax Exempt and Government Entities Division approves a plan as to form. Typically, once a plan is submitted for an opinion letter the entity that submits the plan (the “provider”) will begin marketing the plan for its adoption by various employers. The issuance of the opinion letter allows the provider to make retroactive changes to the form of the plan to conform to recent changes in statutory requirements. Form 4461, Form 4461-A, and Form 4461-B are used by providers to apply for approval of their employee benefit plans under section 401(a). Revenue procedure 2017-41 sets forth the procedures of the Internal Revenue Service for issuing Opinion Letters regarding the qualification in form of Pre-approved Plans under §§ 401, 403 (a), and 4975 (e) (7) of the Internal Revenue Code (Code). In addition, this revenue procedure modifies the IRS pre-approved letter program by combining the master and prototype (M&P) and volume submitter (VS) programs into a new Opinion Letter program. The M&P and VS Programs are combined and replaced by a single Opinion Letter program involving two types of plans: Standardized Plans and Nonstandardized Plans.
US Code: 26 USC 403(b) Name of Law: Tax Sheltered Annuity Plans
   US Code: 26 USC 401 Name of Law: Qualified pension, profit-sharing, and stock bonus plans.
  
None
Not associated with rulemaking
  82 FR 40230 08/24/2017
82 FR 61368 12/27/2017
No
  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 321,500 321,500 0 0 0 0
Annual Time Burden (Hours) 1,108,225 1,108,225 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$3,187
No
    Yes
    Yes
No
No
No
Uncollected
Kathleen Hermann 2022839635
  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.
12/27/2017