[Federal Register Volume 68, Number 49 (Thursday, March 13, 2003)]
[Notices]
[Page 12106]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-6046]



[[Page 12106]]

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DEPARTMENT OF LABOR

Office of the Secretary


Submission for OMB Review; Comment Request

March 6, 2003.
    The Department of Labor (DOL) has submitted the following public 
information collection reqest (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 
this ICR, with applicable supporting documentation, may be obtained by 
calling the Department of Labor. To obtain documentation contact Darrin 
King at (202) 693-4129 or E-Mail [email protected].
    Comments should be sent to Office of Information and Regulatory 
Affairs, Attn: OMB Desk Officer for EBSA, 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.
    Agency: Employee Benefits Security Administration (EBSA).
    Type of Review: Extension of a currently approved collection.
    Title: Definition of Plans Assets--Participant Contributions.
    OMB Number: 1210-0100.
    Affected Public: Business or other for-profit and not-for-profit 
institutions.
    Frequency: On occasion.
    Type of Response: Recordkeeping, reporting, and third party 
disclosure.
    Number of Respondents: 1.
    Number of Annual Responses: 251.
    Estimated Time Per Respondent: 3 hours.
    Total Burden Hours: 3.
    Total Annualized Capital/Startup Costs: $0.
    Total Annual Costs (operating/maintaining systems or purchasing 
services): $332.
    Description: Sponsors and other parties-in-interest to Employee 
Retirement Income Security Act (ERISA)--covered pension plans that 
cannot segregate employee contributions from the employer's general 
assets in the time required under ERISA are provided with an extension 
procedure. 29 CFR 2510.3-102 provides guidance for fiduciaries, 
participants, and beneficiaries of employee benefit plans on the 
requirements for transmission of employee contributions withheld from 
wages to the pension plan. In addition, for these employers who may 
have difficulty meeting regulation deadlines for participant 
contribution transmissions, the extension provision of the regulation 
provides an alternate means of employer compliance with the regulation 
while providing participants, beneficiaries, and the Department with 
sufficient information to protect their rights under ERISA. 
Specifically, the ICR includes notification, bonding, and certification 
requirements that must be completed by the employer electing to use the 
extension provision.

Ira L. Mills,
Departmental Clearance Officer.
[FR Doc. 03-6046 Filed 3-12-03; 8:45 am]
BILLING CODE 4510-29-M