View Information Collection Request (ICR) Package
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Brief and OIRA conclusion
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IC List
Burden
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Common Form Info.
Certification
View Information Collection (IC) List
View Supporting Statement and Other Documents
Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
1545-1610
ICR Reference No:
200807-1545-011
Status:
Historical Active
Previous ICR Reference No:
200705-1545-065
Agency/Subagency:
TREAS/IRS
Agency Tracking No:
Title:
Annual Return/Report of Employee Benefit Plan
Type of Information Collection:
No material or nonsubstantive change to a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved with change
Conclusion Date:
11/12/2008
Retrieve Notice of Action (NOA)
Date Received in OIRA:
08/01/2008
Terms of Clearance:
Updated instructions
Inventory as of this Action
Requested
Previously Approved
Expiration Date
10/31/2010
10/31/2010
10/31/2010
Responses
780,000
0
1,139,244
Time Burden (Hours)
593,000
0
2,173,483
Cost Burden (Dollars)
137,000,000
0
0
Abstract:
Form 5500 is an annual information return filed by employee benefit plans. The IRS uses this information to determine if the plan appears to be operating properly as required under the law or whether the plan should be audited. Uploaded forms are for informational purposes only.
Authorizing Statute(s):
US Code:
26 USC 6058
Name of Law: Information required in connection with certain plans of deferred compensation
Citations for New Statutory Requirements:
PL: Pub.L. 109 - 280 1 Name of Law: The Pension Protection Act of 2006 (PPA)
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
72 FR 13861
03/23/2007
30-day Notice:
Federal Register Citation:
Citation Date:
72 FR 32707
06/13/2007
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Annual Return/Report of Employee Benefit Plan
Schedule C, 5500, Schedule D, Schedule SSA , Schedule A , Sch MB (Form 5500), Schedule E, Schedule G, Schedule H, Schedule I, Schedule R , Sch SB (Form 5500)
Insurance Information
,
Service Provider Information
,
DFE/Participating Plan Information
,
ESOP Annual Information
,
Financial Transaction Schedules
,
Financial Information
,
Financial Information - Small Plan
,
Retirement Plan Information
,
Annual Registration Statement Identifying Separated Participants With Deferred Vested Benefits
,
Multiemployer Defined Benefit Plan and Certain Money Purchase Plan Actuarial Information
,
Annual Return/Report of Employee Benefit Plan
,
Single-Employer Defined Benefit Plan Actuarial Information
ICR Summary of Burden
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
780,000
1,139,244
-69,433
0
-289,811
0
Annual Time Burden (Hours)
593,000
2,173,483
805,728
0
-2,386,211
0
Annual Cost Burden (Dollars)
137,000,000
0
27,400,000
0
109,600,000
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
Yes
Burden Reduction Due to:
Miscellaneous Actions
Short Statement:
The Pension Protection Act of 2006 (PPA), PL 109-280, became law on August 17, 2006, and amended the Employee Retirement income Security Act of 1974 (ERISA) and the Internal Revenue code of 1986 (the Code). Statutory references are updated where applicable for the PPA relocations. Changes for the 2008 Form 5500 series are required by the provisions as mandated by the PPA. Changes were made to the forms in consultation and concurrence with IRS TEGE-EP(CC & Treasury) participants (and PBGC and EBSA/DOL, as appropriate) in the 2008 Form 5500 Development Committee. Burden estimates were also adjusted to correct previous over-estimates.
Annual Cost to Federal Government:
$0
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
Uncollected
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
Uncollected
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
Uncollected
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Vikki Vrooman 202 927-9868
Common Form ICR:
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:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(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;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
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.
Certification Date:
08/01/2008
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