OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Duties of Plan Sponsor Following Mass Withdrawal (29 CFR Part 4281)

ICR 202205-1212-007 · OMB 1212-0032 · Received in OIRA

Forms and Documents
DocumentTypeStatusAvailability
Form Form 1 Duties of Plan Sponsor Following Mass Withdrawal (29 CFR Part 4281) Form Modified Repair queued
Supporting statement 0032 part 4281 v05.docx Supporting Statement A Uploaded 2022-05-17 Repair queued
IC Document Collections
IC IDCollectionTypeStatusForm
13552 Duties of Plan Sponsor Following Mass Withdrawal (29 CFR Part 4281) Form Modified
ICR Details
1212-0032 202205-1212-007
Received in OIRA 201905-1212-006
PBGC
Duties of Plan Sponsor Following Mass Withdrawal (29 CFR Part 4281)
Revision of a currently approved collection   No
Regular 05/17/2022
  Requested Previously Approved
36 Months From Approved 06/30/2022
11,651 13,850
241 240
420,400 370,400
Plan sponsors of multiemployer pension plans terminated by mass withdrawal give notices to PBGC and plan participants about plan insolvency and benefit reductions; notices to participants about electing benefit options; and requests to PBGC for financial assistance or permission to distributee benefits in different amounts or forms than otherwise allowed. PBGC uses information submitted to it to make statutory determinations and estimate the need for financial assistance to plans. Participants use information sent to them to make personal financial decisions.
US Code: 29 USC 1441 Name of Law: ERISA
  
None
Not associated with rulemaking
  87 FR 13020 03/08/2022
87 FR 29889 05/17/2022
No
  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 11,651 13,850 0 0 -2,199 0
Annual Time Burden (Hours) 241 240 0 0 1 0
Annual Cost Burden (Dollars) 420,400 370,400 0 0 50,000 0
No
No
The change in the estimated annual burden of this collection of information is a result of the increase in non-initial applications for financial assistance. PBGC estimates that the annual hour burden will increase from 240 hours to 241 hours and the annual cost burden will be increased from $370,400 to $420,400.
$0
No
    No
    No
No
No
No
No
Karen Levin 202 326-4400 ext. 3559 [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.
05/17/2022