Alternative Method of Compliance for Certain Simplified Employee Pensions
Extension without change of a currently approved collection
No
Regular
02/04/2021
Requested
Previously Approved
36 Months From Approved
02/28/2021
67,930
67,930
21,227
21,227
3,223
18,556
Section 110 of the Employee Retirement Income Security Act (ERISA) authorizes the Secretary of Labor to prescribe alternative methods of compliance with the reporting and disclosure requirements of Title I of ERISA for pension plans. The Department's regulations at 29 C.F.R. § 2520.104-49 provide an alternative method of disclosure for sponsors of certain types of Simplified Employee Pensions that is easier to comply with than otherwise required under ERISA.
US Code:
29 USC 1030
Name of Law: Employee Income Retirement Security Act of 1974
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.