[Federal Register Volume 75, Number 76 (Wednesday, April 21, 2010)]
[Notices]
[Pages 20865-20866]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-9182]


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

DEPARTMENT OF LABOR

Office of the Secretary


Submission for OMB Review: Comment Request

April 16, 2010.
    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 
Department of Labor--Employee Benefits Security Administration (EBSA), 
Office of Management and Budget, Room 10235, Washington, DC 20503, 
Telephone: 202-395-7316/Fax: 202-395-5806 (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.

[[Page 20866]]

    Agency: Employee Benefits Security Administration.
    Type of Review: Extension without change of a currently approved 
collection.
    Title of Collection: Employee Benefit Plan Claims Procedure Under 
ERISA.
    OMB Control Number: 1210-0053.
    Affected Public: Private sector.
    Estimated Number of Respondents: 6,646,164.
    Total Estimated Annual Burden Hours: 506,808.
    Total Estimated Annual Costs Burden (operation and maintenance): 
$509,877,037.
    Description: The Employee Retirement Income Security Act of 1974 
(ERISA) Section 503 and the Department's implementing regulations at 29 
CFR 2560.503-1 require employee benefit plans to establish procedures 
for resolving benefit claims under the plan, including initial claims 
and appeal of denied claims. The regulation requires specific 
information to be disclosed at different stages of the claims process. 
It also requires claims denial notices to be provided within specific 
time frames and to include specific information. For additional 
information, see related notice published in the Federal Register on 
January 14, 2010 (Vol. 75 FR page 2161).
    Agency: Employee Benefits Security Administration.
    Type of Review: Extension without change of a currently approved 
collection.
    Title of Collection: PTE 80-83--Sale of Securities to Reduce 
Indebtedness of Party in Interest.
    OMB Control Number: 1210-0064.
    Affected Public: Private sector.
    Estimated Number of Respondents: 25.
    Total Estimated Annual Burden Hours: 15.
    Total Estimated Annual Costs Burden (operation and maintenance): 
$0.
    Description: This Class Exemption exempts from the prohibited 
transaction provisions of the Employee Retirement Income Security Act 
of 1974 certain transactions involving an employee benefit plan's 
purchase of securities that may aid the issuer of the securities, who 
is a party in interest to the plan, in reducing or retiring its 
indebtedness to a third party. For additional information, see related 
notice published in the Federal Register on December 30, 2009 (Vol. 74 
FR page 69366).
    Agency: Employee Benefits Security Administration.
    Type of Review: Extension without change of a currently approved 
collection.
    Title of Collection: Prohibited Transaction Class Exemption 75-1 
Security Transactions with Broker-Dealers, Reporting Dealers and Banks.
    OMB Control Number: 1210-0092.
    Affected Public: Private sector.
    Estimated Number of Respondents: 8,376.
    Total Estimated Annual Burden Hours: 1,396.
    Total Estimated Annual Costs Burden (operation and maintenance): 
$0.
    Description: This class exemption from the prohibited transaction 
provisions of the Employee Retirement Income Security Act of 1974 
permits certain banks, registered broker-dealers, and reporting dealers 
in government securities who are parties in interest to employee 
benefit plans to engage in specified kinds of securities transactions 
with the plans. For additional information, see related notice 
published in the Federal Register on December 31, 2009 (Vol. 74 FR page 
69366).

    Agency: Employee Benefits Security Administration.
    Type of Review: Extension without change of a currently approved 
collection.
    Title of Collection: PTE 88-59--Residential Mortgage Financing 
Arrangements Involving Employee Benefit Plans.
    OMB Control Number: 1210-0095.
    Affected Public: Private sector.
    Estimated Number of Respondents: 2,237.
    Total Estimated Annual Burden Hours: 932.
    Total Estimated Annual Costs Burden (operation and maintenance): 
$0.
    Description: This class exemption permits employee benefit plans to 
enter into specified transactions involving residential mortgage loans 
with parties in interest without violating the prohibited transaction 
provisions of the Employee Retirement Income Security Act of 1974, 
provided specified conditions are met. Among other conditions, the plan 
must maintain records pertaining to covered transactions for the 
duration of the loan and must make the records available upon request 
to plan trustees, investment managers, participants and beneficiaries, 
and agents of the Department or the Internal Revenue Service. For 
additional information, see related notice published at in the Federal 
Register on December 31, 2009 (Vol. 74 FR page 69363).

    Agency: Employee Benefits Security Administration.
    Type of Review: Extension without change of a currently approved 
collection.
    Title of Collection: Petition for Finding Under Section 3(40) of 
ERISA.
    OMB Control Number: 1210-0119.
    Affected Public: Private sector.
    Estimated Number of Respondents: 45.
    Total Estimated Annual Burden Hours: 225.
    Total Estimated Annual Costs Burden (operation and maintenance): 
$163,268.
    Description: The Department's regulations at 29 CFR 2570.150 et 
seq. provide procedures for an entity against whom State jurisdiction 
has been asserts to petition the Secretary to make a finding under 
section 3(40)(A)(i) of the Employee Retirement Income Security Act of 
1974 (ERISA) that the entity is established or maintained under or 
pursuant to one or more collective bargaining agreements. The 
regulations establish procedures for initiating an administrative 
proceeding before the Office of Administrative Law Judges (ALJs) and 
establish that an ALJ's decision shall constitute a finding under 
section 3(40)(A)(i) of ERISA. The regulations also provide for an 
appeal of an ALJ decision to the Secretary. For additional information, 
see related notice published in the Federal Register on December 30, 
2009 (Vol. 74 FR page 69148).

Darrin A. King,
Departmental Clearance Officer.
[FR Doc. 2010-9182 Filed 4-20-10; 8:45 am]
BILLING CODE 4510-29-P