TD 9447 Automatic Contribution Arrangements and REG-100669-24 Automatic Enrollment Arrangements
Reinstatement with change of a previously approved collection
No
Regular
01/14/2025
Requested
Previously Approved
36 Months From Approved
10,985,000
0
161,000
0
0
0
These previously approved regulations provide a method by which an automatic contribution arrangement can become a qualified automatic contribution arrangement and automatically satisfy the ADP test of section 401(k)(3)A)(ii). These regulations also describe how an automatic contribution arrangement can become an eligible automatic contribution arrangement and employees can get back mistaken contributions. REG-100669-24 would provide guidance with respect to the automatic enrollment requirements that apply to certain retirement plans.
US Code:
26 USC 401(m)(12)
Name of Law: Nondiscrimination test for matching contributions and employee contributions.
US Code:
26 USC 414(w)
Name of Law: Special rules for certain withdrawals from eligible automatic contribution arrangements
US Code:
26 USC 4979(f)
Name of Law: No tax where excess distributed within specified period after close of year
US Code:
26 USC 401(k)(13)
Name of Law: Cash or deferred arrangements.
PL: Pub.L. 109 - 280 109(b) Name of Law: Worker, Retiree, and Employer Recovery Act
The change to the burden is to add the proposed third-party disclosures under REG-100669-24. This increases the burden estimates by 4,985,000 responses and 131,000 hours.
$0
No
No
No
No
No
No
No
Christina Cerasale 202 999-9999
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.
2025 Supporting Statement (1545-2135).docx
REG-100669-24 Automatic Enrollment-CODA salary reduction notices