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View ICR - OIRA Conclusion

OMB Control No: 1210-0127	ICR Reference No: 202201-1210-009
Status: Historical Active	Previous ICR Reference No: 202012-1210-008
Agency/Subagency: DOL/EBSA	Agency Tracking No:
Title: Abandoned Individual Account Plan Termination
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: 04/26/2022
	Date Received in OIRA: 03/16/2022
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2025	36 Months From Approved	04/30/2022
Responses	1,134,752	0	1,014,463
Time Burden (Hours)	47,902	0	37,680
Cost Burden (Dollars)	58,989	0	562,225

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	1,134,752	1,014,463	120,289
Annual Time Burden (Hours)	47,902	37,680	10,222
Annual Cost Burden (Dollars)	58,989	562,225	-503,236

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 its cost estimates to account for increases in wage rates, increase in the usage of the Abandoned Plans Program, as well as an increase in the number of terminating plans. Additionally, the burden of an outside QTA is now counted toward the hour burden. As a result, the total hour burden and the equivalent cost of the total hour burden has increased, whereas the total cost burden has decreased.

Annual Cost to Federal Government: $54,210

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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