View Information Collection Request (ICR) Package
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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
1212-0036
ICR Reference No:
202511-1212-001
Status:
Active
Previous ICR Reference No:
202508-1212-002
Agency/Subagency:
PBGC
Agency Tracking No:
Title:
Termination of Single Employer Plans
Type of Information Collection:
No material or nonsubstantive change to a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
11/25/2025
Retrieve Notice of Action (NOA)
Date Received in OIRA:
11/21/2025
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
09/30/2028
09/30/2028
09/30/2028
Responses
1,870
0
1,870
Time Burden (Hours)
46,860
0
46,860
Cost Burden (Dollars)
9,558,240
0
9,558,240
Abstract:
Plan administrators of plans terminating voluntarily must submit certain information to PBGC and provide certain information to affected third parties. PBGC needs the information required to be submitted to ensure that a voluntary termination is completed in accordance with statutory and regulatory requirements and to facilitate the payment of benefits to missing participants. Participants need the information required to be disclosed so that they will be informed about the status of the proposed termination of their plan and about their benefits upon termination.
Authorizing Statute(s):
US Code:
29 USC 1350
Name of Law: ERISA
US Code:
29 USC 1341
Name of Law: ERISA
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
1212-AB51
Final or interim final rulemaking
90 FR 39320
08/15/2025
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Termination of Single Employer Plans
Form 501, Form 500, 600, 601, and 602, Schedule MP
Notice of Intent to Terminate (Form 600), Notice of Single-Employer Plan Termination (Form 601), Post-Distribution Certification (Form 602),
,
Schedule MP
,
Standard Termination Certification of Sufficiency
,
Post-Distribution Certification for Standard Termination
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
1,870
1,870
0
0
0
0
Annual Time Burden (Hours)
46,860
46,860
0
0
0
0
Annual Cost Burden (Dollars)
9,558,240
9,558,240
0
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:
In the final rule published on August 15, 2025, PBGC made changes to the standard termination instructions, distress termination instructions, Form 500, and Form 501. However, the changes to these materials do not create any additional burden. For calendar years 2026-2028, PBGC determined that there will be an increase in the expected number of standard termination filings from 1,647 to 1,868, and a decrease in the expected number of distress termination filings from 7 to 2. The increase in the expected number of standard termination filings results in an increase in the estimated total annual cost burden from $8,509,740 to $9,558,240.
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.
Yes
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:
Monica O'Donnell 202 229-8706 o'donnell.monica@pbgc.gov
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
11/21/2025
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