Employee Retirement Income Security Act Summary Annual Report Requirement
Extension without change of a currently approved collection
No
Regular
03/11/2026
Requested
Previously Approved
36 Months From Approved
04/30/2026
209,869,516
178,211,549
15,209,906
1,068,322
46,945,095
18,423,119
ERISA Section 104(b)(3) and the regulation published at 29 CFR 2520.104b-10 require, with certain exceptions, that administrators of employee benefit plans furnish annually to each participant and certain beneficiaries a summary annual report (SAR) meeting the requirements of the statute and regulation. The regulation prescribes the content and format of the SAR and the timing of its delivery. The SAR provides current information about the plan and assists those who receive it in understanding the plan's current financial operation and condition. It also explains participants' and beneficiaries' rights to receive further information on these issues.
PL:
Pub.L. 116 - 94 O
Name of Law: The Setting Every Community up For Retirement Act
US Code:
29 USC 1024(b)(3)
Name of Law: Employee Retirement Income Security Act of 1974
PL: Pub.L. 116 - 94 O Name of Law: The Setting Every Community up for Retirement Act
The Department has updated the wage rates, the estimates on the number of plans, the number of participants and beneficiaries, and the percent of SARs that are assumed to be distributed electronically. As a result, the number of responses has increased by 31,657,967, the hour burden has increased by 14,141,584 hours, and the cost burden has increased by $28,521,976.
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.
1210-0040 SAR Supporting Statement 3-5-26.docx
SIFMA Comment Letter - DOL ICR renewal (1).pdf
ERISA Summary Annual Report Requirement