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OMB Control No: 1210-0127	ICR Reference No: 202312-1210-001
Status: Active	Previous ICR Reference No: 202201-1210-009
Agency/Subagency: DOL/EBSA	Agency Tracking No:
Title: Abandoned Individual Account Plan Termination
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 05/31/2024
	Date Received in OIRA: 05/17/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2027	36 Months From Approved	04/30/2025
Responses	1,162,551	0	1,134,752
Time Burden (Hours)	56,196	0	47,902
Cost Burden (Dollars)	53,258	0	58,989

Abstract: This collection contains disclosure, recordkeeping, and reporting requirements associated with EBSA's abandoned plan program, which allows plan custodians to wind up plans that have been abandoned due to significant business events, such as bankruptcies, mergers, acquisitions, and other similar transactions affecting the status of an employer.

Authorizing Statute(s): US Code: 29 USC 1104 Name of Law: Employee Retirement Income Security Act

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1210-AB47	Final or interim final rulemaking	89 FR 43636	05/17/2024

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 74063	12/12/2012
Did the Agency receive public comments on this ICR? Yes

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Abandoned Individual Account Plan Termination	STRAP, D, E, B, A, C, A	, , , , , ,

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	1,162,551	1,134,752	27,799
Annual Time Burden (Hours)	56,196	47,902	8,294
Annual Cost Burden (Dollars)	53,258	58,989	-5,731

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 reflect revisions made by the Interim Final Rule and amendment to PTE 2006-06 account for increases in wage rates, increase in the usage of the Abandoned Plan Program, as well as an increase in the number of terminating plans. Additionally, the Department is now accounting for the burden of an outside QTA as part of the hour burden captured in Item 12 above. 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. Making this transition moved 8,294 hours of burden that would have otherwise been reported as cost burden in question 13 to be reported in question 12 as an hour burden. The updating of assumptions, primarily dealing with how notices are sent, and the incorporation of the features of the new rule resulted in a net decrease in cost burden of $5,731.

Annual Cost to Federal Government: $114,230

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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