View Information Collection Request (ICR) Package

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View ICR - OIRA Conclusion

OMB Control No: 1210-0127	ICR Reference No: 202012-1210-008
Status: Historical Active	Previous ICR Reference No: 201810-1210-003
Agency/Subagency: DOL/EBSA	Agency Tracking No:
Title: Abandoned Individual Account Plan Termination
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 without change	Conclusion Date: 12/30/2020
	Date Received in OIRA: 12/23/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2022	04/30/2022	04/30/2022
Responses	1,014,463	0	1,014,463
Time Burden (Hours)	37,680	0	37,680
Cost Burden (Dollars)	562,225	0	562,225

ICR Summary of Burden

	Total Approved	Previously Approved
Annual Number of Responses	1,014,463	1,014,463
Annual Time Burden (Hours)	37,680	37,680
Annual Cost Burden (Dollars)	562,225	562,225

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: No

Burden Reduction Due to:

Short Statement: The Department has revised the ICR to account for increases in wage rates, decrease in the usage of the Abandoned Plans Program, as well as a decrease in the number of terminating plans.

Annual Cost to Federal Government: $25,215

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

Agency Contact: Christopher Cosby 202-693-8425 cosby.chris@dol.gov

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