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View ICR - OIRA Conclusion

OMB Control No: 1235-0013	ICR Reference No: 202403-1235-001
Status: Active	Previous ICR Reference No: 202103-1235-001
Agency/Subagency: DOL/WHD	Agency Tracking No:
Title: Requirements of a Bona Fide Thrift or Savings Plan and Requirements of a Bona Fide Profit-Sharing Plan or Trust
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: 06/17/2024
	Date Received in OIRA: 05/09/2024
Terms of Clearance: Moving forward, WHD will consult with stakeholders regarding burden estimates and will summarize that feedback in Q8 of their Supporting Statements.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2027	36 Months From Approved	07/31/2024
Responses	4,393,607	0	2,127,369
Time Burden (Hours)	2,441	0	1,182
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	4,393,607	2,127,369	2,266,238
Annual Time Burden (Hours)	2,441	1,182	1,259
Annual Cost Burden (Dollars)	0	0	0

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: As the economy continues recovery post-COVID, more employers are returning to offering employee benefits. This results in more respondents and responses.

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: Robert Waterman 202 693-0805 waterman.robert@dol.gov

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