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View ICR - OIRA Conclusion

OMB Control No: 1210-0158	ICR Reference No: 202206-1210-005
Status: Historical Active	Previous ICR Reference No: 201906-1210-004
Agency/Subagency: DOL/EBSA	Agency Tracking No:
Title: Insurance and Annuity Contracts and Mutual Fund Principal Underwriters (PTE 1984-24)
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: 08/09/2022
	Date Received in OIRA: 06/30/2022
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2025	36 Months From Approved	08/31/2022
Responses	258,041	0	227,068
Time Burden (Hours)	45,277	0	18,948
Cost Burden (Dollars)	11,743	0	92,377

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	258,041	227,068	30,973
Annual Time Burden (Hours)	45,277	18,948	26,329
Annual Cost Burden (Dollars)	11,743	92,377	-80,634

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 following items have been updated to reflect recent data: labor cost estimates, postage costs, the number of plans and IRAs, the number of new plans, the number of insurance agents, and the electronic disclosure rate estimates. The Department has revised its approach to estimating the affected entities of this exemption. This revision explicitly includes independent producers and insurance companies in the number of entities needing to prepare disclosures and authorizations. These updates have resulted in an increase in the number of disclosures produced and the cost burden.

Annual Cost to Federal Government: $0

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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