OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Application for Approval of Prototype or Employer Sponsored Individual Retirement Arrangement (IRA) Form 5306

ICR 202508-1545-007 · OMB 1545-0390 · Active

Forms and Documents
DocumentTypeStatusAvailability
Form 5306 Application for Approval of Prototype or Employer Sponsored Individual Retirement Arrangement (IRA) Form and Instruction Modified Available
Form 5306 Application for Approval of Prototype or Employer Sponsored Individual Retirement Account Form and Instruction Modified Repair queued
1545-0390 Supporting Statement.docx Supporting Statement A Uploaded 2025-11-20 Available
1545-0390 Supporting Statement.docx Supporting Statement A Uploaded 2025-11-20 Missing upstream
IC Document Collections
IC IDCollectionTypeStatusForm
17235 Application for Approval of Prototype or Employer Sponsored Individual Retirement Account Form and Instruction ModifiedApplication for Approval of Prototype or Employer Sponsored Individual Retirement Arrangement (IRA)
17235 Application for Approval of Prototype or Employer Sponsored Individual Retirement Account Form and Instruction Modified
ICR Details
1545-0390 202508-1545-007
Active 202208-1545-007
TREAS/IRS
Application for Approval of Prototype or Employer Sponsored Individual Retirement Arrangement (IRA) Form 5306
Extension without change of a currently approved collection   No
Regular
Approved without change 01/26/2026
Retrieve Notice of Action (NOA) 11/26/2025
  Inventory as of this Action Requested Previously Approved
01/31/2029 36 Months From Approved 01/31/2026
600 0 600
8,244 0 8,244
1,500,000 0 0
This application is used by employers who want to establish an individual retirement account trust to be used by their employees. The application is also used by banks and insurance companies that want to establish approved prototype individual retirement accounts or annuities. The data collected is used to determine if the individual retirement account trust or annuity contract meets the requirements of Code section 408(a), 408(b), or 408(c) so that the IRS may issue an approval letter.
US Code: 26 USC 408 Name of Law: Individual Retirement Accounts
  
None
Not associated with rulemaking
  90 FR 40467 08/19/2025
90 FR 54461 11/26/2025
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 600 600 0 0 0 0
Annual Time Burden (Hours) 8,244 8,244 0 0 0 0
Annual Cost Burden (Dollars) 1,500,000 0 0 0 1,500,000 0
No
No
$1,521,681
No
    Yes
    Yes
No
No
No
No
Felecia Belcher 443 853-5535
  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.
11/26/2025