[Federal Register Volume 69, Number 213 (Thursday, November 4, 2004)]
[Notices]
[Pages 64326-64327]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-24660]


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DEPARTMENT OF LABOR

Office of the Secretary


Submission for OMB Review; Comment Request

October 26, 2004.
    The Department of Labor (DOL) and the Pension Benefit Guaranty 
Corporation have submitted the following public information collection 
requests (ICRs) 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).

[[Page 64327]]

A copy of each ICR, with applicable supporting documentation, may be 
obtained by contacting the Department of Labor (DOL) or the Pension 
Benefit Guaranty Corporation (PBGC). To obtain documentation from DOL, 
contact Darrin King at 202-693-4129 (this is not a toll-free number) or 
e-mail: [email protected]. To obtain documentation from PBGC, contact 
Harold J. Ashner on 202-326-4024 (this is not a toll-free number) or e-
mail: [email protected].
    Comments should be sent to Office of Information and Regulatory 
Affairs, Attn: OMB Desk Officer for the Employee Benefits Security 
Administration (EBSA) and Pension Benefit Guaranty Corporation (PBGC), 
Office of Management and Budget, Room 10235, Washington, DC 20503, 202-
395-7316 (this is not a toll-free number), within 30 days from the date 
of this publication in the Federal Register.
    The OMB is particularly interested in comments which:
     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;
     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;
     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.
    Title: Annual Information Return/Report.
    Form Number: Form 5500 and Schedules.
    Frequency: On occasion and Annually.
    Type of Response: Reporting; Recordkeeping; and Third-party 
disclosure.
    Affected Public: Business or other for-profit; Not-for-profit 
institutions; Individuals or households; and Farms.
    Paperwork Reduction Act Burden Breakout by Agency:

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              Agency                       EBSA               PBGC
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OMB Number........................          1210-0110          1212-0057
Number of Respondents.............            837,755             28,900
Number of Annual Responses........            837,755             28,900
Total Burden Hours................          1,948,529              2,373
Total Annualized capital/startup                   $0                 $0
 costs............................
Total Annual Costs (operating/           $663,870,000         $1,737,078
 maintaining systems or purchasing
 services)........................
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    Average response time: Varies considerably by plan size. Large 
plans may spend considerably more time reporting than small plans.
    Description: Under Titles I and IV of the Employee Retirement 
Income Security Act of 1974, as amended, and the Internal Revenue Code 
of 1986, as amended (the Code), pension and other employee benefit 
plans are generally required to file annual returns/reports concerning, 
among other things, the financial condition and operations of the plan. 
These annual reporting requirements can be satisfied by filing the Form 
5500 in accordance with its instructions and related regulations. The 
Form 5500 is the primary source of information concerning the 
operation, funding, assets and investments of pension and other 
employee benefit plans. In addition to being an important disclosure 
document for plan participants and beneficiaries, the Form 5500 is a 
compliance and research tool for EBSA, PBGC, and the IRS, and a source 
of information for other federal agencies, Congress, and the private 
sector for use in assessing employee benefit, tax, and economic trends 
and policies.

Ira L. Mills,
Departmental Clearance Officer, U.S. Department of Labor.
[FR Doc. 04-24660 Filed 11-3-04; 8:45 am]
BILLING CODE 4510-29-P