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View ICR - OIRA Conclusion

OMB Control No: 1210-0118	ICR Reference No: 202201-1210-008
Status: Historical Active	Previous ICR Reference No: 201809-1210-003
Agency/Subagency: DOL/EBSA	Agency Tracking No:
Title: Voluntary Fiduciary Correction Program
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 05/02/2022
	Date Received in OIRA: 03/16/2022
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2025	36 Months From Approved	04/30/2022
Responses	246,918	0	207,209
Time Burden (Hours)	22,202	0	7,295
Cost Burden (Dollars)	42,175	0	551,111

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	246,918	207,209	39,709
Annual Time Burden (Hours)	22,202	7,295	14,907
Annual Cost Burden (Dollars)	42,175	551,111	-508,936

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: When the Department calculates burden estimates for the information collections contained in the VFC Program, it uses the experience of the three most recent fiscal years data are available. There are no plan size restrictions regarding which plans are permitted to participate in the VFC Program; however, the plans that participate in the VFC Program tend to be small. Average usage from FY 2018 to FY 2020 increased relative to the preceding period. Additionally, the burden of the outside service providers is now counted toward the hour burden. Finally, the Department has revised the wage and postal rates and updated the Federal burden to reflect increased labor rates. As a result, the total hour burden and the equivalent cost of the total hour burden has increased and the total cost burden has decreased.

Annual Cost to Federal Government: $1,529,000

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: James Butikofer 202 693-8434 Butikofer.James@dol.gov

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