[Federal Register Volume 88, Number 84 (Tuesday, May 2, 2023)]
[Notices]
[Pages 27587-27588]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-09255]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Regulation and Form 
Project

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Internal Revenue Service, as part of its continuing effort 
to reduce paperwork and respondent burden, invites the general public 
and other Federal agencies to take this opportunity to comment on 
continuing information collections, as required by the Paperwork 
Reduction Act of 1995. The IRS is soliciting comments concerning 
applications and renewal of enrollment for those who are seeking 
actuary status under ERISA, and regulations governing the performance 
of actuarial services under the employee retirement income security act 
of 1972.

DATES: Written comments should be received on or before July 3, 2023 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Andres Garcia, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 
20224, or by email to [email protected]. Include 1545-0951 or Forms 
5434, 5434-A, and TD 9517/REG-159704-03.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this collection should be directed to LaNita Van Dyke, at 
(202) 317-6009, at Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW, Washington, DC 20224, or through the internet 
at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Application for Enrollment, Application for Renewal of 
Enrollment, and Regulations Governing the Performance of Actuarial 
Services Under the Employee Retirement Income Security Act of 1972.
    OMB Number: 1545-0951.
    Form and Regulation Number: 5434, 5434-A, and TD 9517/REG-159704-
03.
    Abstract: Form 5434 is used to apply for enrollment to perform 
actuarial services under the Employee Retirement income Security Act of 
1974 (ERISA). Form 5434-A is used to renew enrollment every three years 
to perform actuarial services under (ERISA). The information is used by 
the Joint Board for the Enrollment of Actuaries to determine the 
eligibility of the applicant to perform actuarial services. The 
regulations require that records be kept that verify satisfaction of 
requirements, and certificates of completion education requirements.
    Current Actions: There are no changes to the forms or regulations 
at his time. However, the agency is updating the number of respondents 
based on its most recent filing data.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Individuals and households.

Form 5434

    Estimated Number of Respondents: 150.
    Estimated Time per Respondent: 1 hour.
    Estimated Annual Burden Hours: 150.

Form 5434 A

    Estimated Number of Respondents: 1,166.
    Estimated Time per Respondent: .50 hour.
    Estimated Annual Burden Hours: 600.
TD 9517/REG-159704-03

[[Page 27588]]

    Estimated Number of Respondents/Recordkeepers: 3,500.
    Estimated Time per Respondent: .25 hour.
    Estimated Annual burden hours: 875.
    Total Estimated Annual Burden: 1,625 hours.
    The following paragraph applies to all of the collections of 
information covered by this notice.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Books or records 
relating to a collection of information must be retained as long as 
their contents may become material in the administration of any 
internal revenue law. Generally, tax returns and tax return information 
are confidential, as required by 26 U.S.C. 6103.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record. Comments are invited 
on: (a) whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information shall have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology; and (e) 
estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Approved: April 27, 2023.
Molly J. Stasko,
Senior Tax Analyst.
[FR Doc. 2023-09255 Filed 5-1-23; 8:45 am]
BILLING CODE 4830-01-P