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View ICR - OIRA Conclusion

OMB Control No: 1210-0061	ICR Reference No: 202308-1210-010
Status: Active	Previous ICR Reference No: 202007-1210-004
Agency/Subagency: DOL/EBSA	Agency Tracking No:
Title: Employee Retirement Income Security Act Prohibited Transaction Class Exemption 1981-8, Investment of Plan Assets in Certain Types of Short-Term Investments
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: 02/06/2024
	Date Received in OIRA: 12/26/2023
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2027	36 Months From Approved	02/29/2024
Responses	618,490	0	475,850
Time Burden (Hours)	154,623	0	118,963
Cost Burden (Dollars)	23,676	0	114,109

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	618,490	475,850	142,640
Annual Time Burden (Hours)	154,623	118,963	35,660
Annual Cost Burden (Dollars)	23,676	114,109	-90,433

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: According to 2021 Form 5500 data (the most recent data available), more plans exist that are likely to use the exemption compared with the last submission. This increase in the number of plans produces an increase in the number of responses and the hour burden. Specifically, the number of responses has increased by 142,640 responses and the hour burden has increased by 35,660. The Department has also updated its assumptions regarding the use of electronic disclosure; assuming increased usage relative to the last submission. The increase in the electronic disclosure rate produces a decrease in the cost burden. The cost burden has decreased by $90,433.

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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