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View ICR - OIRA Conclusion

OMB Control No: 1210-0132	ICR Reference No: 202306-1210-001
Status: Active	Previous ICR Reference No: 202003-1210-007
Agency/Subagency: DOL/EBSA	Agency Tracking No: 1210-AB10(Final)
Title: Default Investment Alternatives under Participant Directed Individual Account Plans
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: 09/28/2023
	Date Received in OIRA: 08/16/2023
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2026	36 Months From Approved	09/30/2023
Responses	49,546,060	0	39,548,933
Time Burden (Hours)	87,978	0	76,011
Cost Burden (Dollars)	2,183,990	0	2,073,509

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	49,546,060	39,548,933	9,997,127
Annual Time Burden (Hours)	87,978	76,011	11,967
Annual Cost Burden (Dollars)	2,183,990	2,073,509	110,481

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: There are no program changes for this submission. Estimates were also updated with new number of participant-directed individual account pension plans with auto-enrollment features and the number of participants in these plans, which has increased the hour burden and cost burden. The hour burden has increased by 11,967 hours and the cost burden has increased by $110,481.

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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