[Federal Register Volume 73, Number 49 (Wednesday, March 12, 2008)]
[Notices]
[Pages 13252-13253]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-4885]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF LABOR

Office of the Secretary


Submission for OMB Review; Comment Request

March 6, 2008.
    The Department of Labor (DOL) hereby announces the submission of 
the following public information collection requests (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 ICR, with applicable supporting 
documentation; including among other things a description of the likely 
respondents, proposed frequency of response, and estimated total burden 
may be obtained from the RegInfo.gov Web site at http://www.reginfo.gov/public/do/PRAMain or by contacting Darrin King on 202-
693-4129 (this is not a toll-free number)/e-mail: [email protected].
    Interested parties are encouraged to send comments to the Office of 
Information and Regulatory Affairs, Attn: OMB Desk Officer for the 
Employee Benefits Security Administration (EBSA), Office of Management 
and Budget, Room 10235, Washington, DC 20503, Telephone: 202-395-7316/
Fax: 202-395-6974 (these are not toll-free numbers), E-mail: [email protected] within 30 days from the date of this publication 
in the Federal Register. In order to ensure the appropriate 
consideration, comments should reference the OMB Control Number (see 
below).
    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.
    Agency: Employee Benefits Security Administration.
    Type of Review: Extension without change of currently approved 
collection.
    Title: Class Exemption 77-4 for Certain Transactions Between 
Investment Companies and Employee Benefit Plans.
    OMB Number: 1210-0049.
    Affected Public: Private Sector: Business or other for-profits.
    Total Estimated Number of Respondents: 900.
    Total Estimated Annual Burden Hours: 10,301.
    Total Estimated Annual Costs Burden: $167,000.
    Description: Prohibited Transaction Class Exemption 77-4 permits an 
employee benefit plan to purchase and sell shares of an open-end 
investment company (mutual fund) when a fiduciary with respect to the 
plan is also the investment advisor for the mutual fund. Without the 
exemption, certain aspects of these transactions might be prohibited by 
sections 406 and 407(a) of the Employee Retirement Income Security Act 
of 1974. The third-party disclosure requirements contained in the 
Exemption are designed to help protect the interests of plan 
participants and beneficiaries from potential abuse when a fiduciary 
exercises the Exemption. For additional information, see related notice 
published at 72 FR 72762 on December 21, 2007.

    Agency: Employee Benefits Security Administration.
    Type of Review: Extension without change of currently approved 
collection.
    Title: Class Exemption 81-8 for Investment of Plan Assets in 
Certain Types of Short-Term Investments.
    OMB Number: 1210-0061.
    Affected Public: Private Sector: Business or other for-profits.

[[Page 13253]]

    Total Estimated Number of Respondents: 50,000.
    Total Estimated Annual Burden Hours: 41,700.
    Total Estimated Annual Costs Burden: $102,500.
    Description: Prohibited Transaction Class Exemption 81-8 permits 
the investment of plan assets that involve the purchase or other 
acquisition, holding, sale, exchange or redemption by or on behalf of 
an employee benefit plan of certain types of short-term investments. 
Without the exemption, certain aspects of these transactions might be 
prohibited by section 406 of the Employee Retirement Income Security 
Act of 1974. The third-party disclosure and recordkeeping requirements 
contained in the Exemption are designed to help protect the interests 
of plan participants and beneficiaries from potential abuse when a 
fiduciary exercises the Exemption. For additional information, see 
related notice published at 72 FR 72763 on December 21, 2007.

    Agency: Employee Benefits Security Administration.
    Type of Review: Extension without change of currently approved 
collection.
    Title: Delinquent Filer Voluntary Compliance Program.
    OMB Number: 1210-0089.
    Affected Public: Private Sector: Business or other for-profits.
    Total Estimated Number of Respondents: 15,000.
    Total Estimated Annual Burden Hours: 750.
    Total Estimated Annual Costs Burden: $608,250.
    Description: The Delinquent Filer Voluntary Compliance Program is 
intended to encourage, through the assessment of reduced civil 
penalties, delinquent plan administrators to voluntarily comply with 
their annual reporting obligations under Title I of Employee Retirement 
Income Security Act of 1974. For additional information, see related 
notice published at 72 FR 72761 on December 21, 2007.
    Agency: Employee Benefits Security Administration.
    Type of Review: Extension without change of currently approved 
collection.
    Title: Prohibited Transaction Class Exemption 96-62, Process for 
Expedited Approval of an Exemption for Prohibited Transaction.
    OMB Number: 1210-0098.
    Affected Public: Private Sector: Business or other for-profits.
    Total Estimated Number of Respondents: 50.
    Total Estimated Annual Burden Hours: 62.
    Total Estimated Annual Costs Burden: $67,675.
    Description: Prohibited Transaction Class Exemption 96-62 permits a 
plan to seek approval on an accelerated basis of otherwise prohibited 
transactions under sections 406 and 407(a) of the Employee Retirement 
Income Security Act of 1974 by providing the Department and interested 
persons with information demonstrating the transaction is substantially 
similar to at least two individual exemptions previously granted and 
presents little, if any, opportunity for abuse or risk of loss to a 
plans' participants and beneficiaries. The third-party disclosure and 
reporting requirements contained in the Exemption are designed to help 
protect the interests of plan participants and beneficiaries from 
potential abuse when a fiduciary exercises the Exemption. For 
additional information, see related notice published at 72 FR 72764 on 
December 21, 2007.

    Agency: Employee Benefits Security Administration.
    Type of Review: Extension without change of currently approved 
collection.
    Title: PTE 98-54 Relating to Certain Employee Benefit Plan Foreign 
Exchange Transactions Executed Pursuant to Standing Instructions.
    OMB Number: 1210-0111.
    Affected Public: Private Sector: Business or other for-profits.
    Total Estimated Number of Respondents: 35.
    Total Estimated Annual Burden Hours: 4,200.
    Total Estimated Annual Costs Burden: $0.
    Description: Prohibited Transaction Class Exemption 98-54 permits 
certain foreign exchange transactions between employee benefit plans 
and certain banks and broker-dealers which are parties in interest with 
respect to such plans, pursuant to standing instructions. Without the 
exemption, certain aspects of these transactions might be prohibited by 
section 406 of the Employee Retirement Income Security Act of 1974. The 
third-party disclosure requirements contained in the Exemption are 
designed to help protect the interests of plan participants and 
beneficiaries from potential abuse when a fiduciary exercises the 
Exemption. For additional information, see related notice published at 
72 FR 72765 on December 21, 2007.


Darrin A. King,
Acting Departmental Clearance Officer.
[FR Doc. E8-4885 Filed 3-11-08; 8:45 am]
BILLING CODE 4510-29-P