Submission for OMB Review: Comment Request, 1243-1244 [E7-164]

Agencies

• Office of the Secretary
• DEPARTMENT OF LABOR

[Federal Register Volume 72, Number 6 (Wednesday, January 10, 2007)]
[Notices]
[Pages 1243-1244]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-164]


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DEPARTMENT OF LABOR

Office of the Secretary


Submission for OMB Review: Comment Request

January 5, 2007.
    The Department of Labor (DOL) has submitted 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, may be obtained 
from RegInfo.gov at https://www.reginfo.gov/public/do/PRAMain or by 
contacting Darrin King on 202-693-4129 (this is not a toll-free number) 
/ e-mail: king.darrin@dol.gov.
    Comments should be sent to 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 a toll-free numbers), 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,

[[Page 1244]]

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: Annual Report for Multiple Employer Welfare Arrangements 
(Form M-1).
    OMB Number: 1210-0116.
    Frequency: Annually.
    Type of Response: Reporting.
    Affected Public: Private Sector: Business or other for-profit and 
Not-for-profit institutions.
    Estimated Number of Respondents: 515.
    Estimated Number of Annual Responses: 515.
    Average Response Time: Approximately 9 minutes (average across all 
filers).
    Estimated Total Burden Hours: 78.
    Estimated Total Annualized capital/startup costs: $0.
    Estimated Total Annual Costs (operating/maintaining systems or 
purchasing services): $45,520.
    Description: The Department's regulation at 29 CFR 2520.101-2 
requires annual reporting by ``multiple employer welfare 
arrangements,'' as defined in section 3(40) of Employee Retirement 
Income Security Act (ERISA), and certain other entities claiming an 
exception from the ERISA definition of ``multiple employer welfare 
arrangements,'' for the purpose of determining the extent to which such 
entities comply with Part 7 of ERISA. The Department provides a form 
(Form M-1) for the required reporting and also provides an electronic 
filing system through which entities may complete the required Form M-1 
and file it without cost.
    Pursuant to section 101(g) of ERISA, the Form M-1 information is 
used by governmental oversight entities to determine the extent of 
compliance with the requirements of Part 7 of ERISA by multiple 
employer welfare arrangements and entities claiming exception under 
section 3(40) of ERISA and to take appropriate compliance assistance 
and enforcement actions.

    Agency: Employee Benefits Security Administration.
    Type of Review: Extension without change of currently approved 
collection.
    Title: ERISA Investment Manager Electronic Registration.
    OMB Number: 1210-0125.
    Frequency: Annually.
    Type of Response: Reporting.
    Affected Public: Private Sector: Business or other for-profit and 
Not-for-profit institutions.
    Estimated Number of Respondents: 500.
    Estimated Number of Annual Responses: 500.
    Average Response Time: 2 hours for new filers and 1 hour for 
existing annual filers.
    Estimated Total Burden Hours: 550.
    Estimated Total Annualized capital/startup costs: $0.
    Estimated Total Annual Costs (operating/maintaining systems or 
purchasing services): $17,500.
    Description: The Department's regulation at 29 CFR 2510.3-38 
provides that, in order to meet the definition of investment manager in 
the Employee Retirement Income Security Act 3(38), state-registered 
investment advisers must register electronically through a centralized 
electronic filing system established by the Securities and Extension 
Commission and state investment authorities (``Investment Advisor 
Registration Depository''/ IARD) rather than providing a paper copy of 
their state registration to the Secretary of Labor.
    Although the primary users of the information collected through the 
Department's regulation are plan fiduciaries, who can review the IARD 
registration statements for information about investment advisers that 
are either currently service providers to the plan or potential service 
providers to the plan, EBSA also uses the information for enforcement 
and compliance purposes. EBSA investigators are expected to review IARD 
data whenever they conduct an investigation that involves investment 
advisers or investment managers.

Darrin A. King,
Acting Departmental Clearance Officer.
 [FR Doc. E7-164 Filed 1-9-07; 8:45 am]
BILLING CODE 4510-29-P