[Federal Register Volume 67, Number 231 (Monday, December 2, 2002)]
[Notices]
[Pages 71592-71593]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-30423]


-----------------------------------------------------------------------

DEPARTMENT OF LABOR

Office of the Secretary


Submission for OMB Review; Comment Request

November 21, 2002.
    The Department of Labor (DOL) has submitted the following public 
information collection request (ICR) to the Office of Management and 
Budget (OMB) for review and approval in accordance with the Paperwork 
Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35). A copy of 
each individual ICR, with applicable supporting documentation, may be 
obtained by calling the Department of Labor. To obtain documentation 
contact Marlene Howze at (202) 219-8904 or e-mail [email protected]).
    Comments should be sent to Office of Information and Regulatory 
Affairs, Attn: OMB Desk Officer for PWBA, Office of Management and 
Budget, Room 10235, Washington, DC 20503 ((202) 395-7316), within 30 
days from the date of this publication in the Federal Register.
    The OMB is particularly interested in comments which:
    [sbull] Evaluate whether the proposed collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility;
    [sbull] Evaluate the accuracy of the agency's estimate of the 
burden of the proposed collection of information, including the 
validity of the methodology and assumptions used;
    [sbull] Enhance the quality, utility, and clarity of the 
information to be collected; and minimize the burden of the collection 
of information on those who are to respond, including through the use 
of appropriate automated, electronic, mechanical, or other 
technological collection techniques or other forms of information 
technology, e.g., permitting electronic submission of responses.
    Type of Review: Extension of a currently approved collection.
    Agency: Pension and Welfare Benefits Administration (PWBA).
    Title: Disclosures for Participant Directed Individual Account 
Plans under the Employee Retirement Income Security Act (ERISA) Section 
404(c).
    OMB Number: 1210-0090.
    Affected Public: Business or other for-profit, individuals or 
households, and Not-for-profit institutions.
    Frequency: On Occasion.
    Number of Respondents: 324,000.
    Number of Annual Responses: 39,100,000.

[[Page 71593]]

    Estimated Time Per Response: 1 hour.
    Total Burden Hours: 36,950.
    Total Annualized Capital/Startup Costs: $0.
    Total Annual Costs (operating/maintaining systems or purchasing 
services): $17,555.00.
    Description: Section 404(c) of ERISA provides that where an 
individual account pension plan permits individual investment 
direction, the individual will not be deemed a fiduciary and no person 
otherwise a fiduciary shall be liable for any loss or breach that 
results from the individual's exercise of control. The information 
collection requirements are mandatory only if a plan wishes to utilize 
the relief available under ERISA Section 40(c). There is no reporting 
to the Federal government under this regulation.

Ira L. Mills,
Departmental Clearance Officer.
[FR Doc. 02-30423 Filed 11-29-02; 8:45 am]
BILLING CODE 4510-29-M