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Federal forms, ICRs, and supporting documents

Information Collection Request

Employee Retirement Income Security Act Blackout Period Notice

ICR 202107-1210-001 · OMB 1210-0122 · Received in OIRA

Forms and Documents
DocumentTypeStatusAvailability
30-day FRN (1210-0122) published.pdf Supplementary Document Uploaded 2021-09-30 Repair queued
60-day FRN (1210-0122) published.pdf Supplementary Document Uploaded 2021-09-27 Repair queued
1210-0122 SS Notice of Blackout Period Under ERISA 09-22-21.docx Supporting Statement A Uploaded 2021-09-22 Missing upstream
IC Document Collections
IC IDCollectionTypeStatusForm
13502 Employee Retirement Income Security Act Blackout Period Notice Modified
ICR Details
1210-0122 202107-1210-001
Received in OIRA 201805-1210-004
DOL/EBSA
Employee Retirement Income Security Act Blackout Period Notice
Extension without change of a currently approved collection   No
Regular 09/30/2021
  Requested Previously Approved
36 Months From Approved 11/30/2021
7,409,220 9,439,990
88,905 218,553
324,524 2,403,893
Pub. L. 107-204 amended section 101 of ERISA to require plan administrators to furnish affected participants and beneficiaries of individual account pension plans with advance written notice of a "blackout period" during which their right to direct or diversify investments or obtain a loan or distributions, may be temporarily suspended.
US Code: 29 USC 1021(i), 1135 Name of Law: Employee Retirement Income Security Act of 1974
  
None
Not associated with rulemaking
  86 FR 16787 03/31/2021
86 FR 54248 09/30/2021
No
1
IC Title Form No. Form Name
Employee Retirement Income Security Act Blackout Period Notice
  Total Request 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 7,409,220 9,439,990 0 0 -2,030,770 0
Annual Time Burden (Hours) 88,905 218,553 0 0 -129,648 0
Annual Cost Burden (Dollars) 324,524 2,403,893 0 0 -2,079,369 0
No
No
The Department has revised its estimate, as compared to the 2018 submission, to reflect the current number of defined contribution plans, and the current number of defined contribution plan participants and beneficiaries. Labor rates and mailing and materials costs have also been updated. In addition, there was a change to EBSA’s assumption regarding electronic transmission of the disclosures for DC plans and IRAs. As a result of final Default Electronic Disclosure regulation issued by the Department on May 27, 2020 (85 Fed. Reg. 31884), EBSA has revised the electronic disclosure assumption from 56.4 to 92.7 percent.
$0
No
    No
    No
No
No
No
No
James Butikofer 202 693-8434 [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.
09/30/2021