Proposed Extension of Information Collection Request Submitted for Public Comment; Regulation Relating to Loans to Plan Participants and Beneficiaries Who Are Parties in Interest With Respect to the Plan, 51844-51845 [2010-20798]
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51844
Federal Register / Vol. 75, No. 162 / Monday, August 23, 2010 / Notices
provides appropriate notice (as
specified) and invests the assets ‘‘in
accordance with regulations prescribed
by the Secretary [of Labor].’’ Section
404(c)(5)(A) further requires the
Department of Labor (Department) to
issue corresponding final regulations
within six months after enactment of the
PPA. The PPA was signed into law on
August 17, 2006.
The Department of Labor issued a
final regulation under ERISA section
404(c)(5)(A) offering guidance on the
types of investment vehicles that plans
may choose as their ‘‘qualified default
investment alternative’’ (QDIA). The
regulation also outlines two information
collections. First, it implements the
statutory requirement that plans provide
annual notices to participants and
beneficiaries whose account assets
could be invested in a QDIA. Second,
the regulation requires plans to pass
certain pertinent materials they receive
relating to a QDIA to those participants
and beneficiaries with assets invested in
the QDIA as well to provide certain
information on request. The ICRs are
approved under OMB Control Number
1210–0132, which is scheduled to
expire on October 31, 2010.
erowe on DSK5CLS3C1PROD with NOTICES
II. Current Actions.
This notice requests public comment
pertaining to the Department’s request
for extension of OMB approval of the
information collection contained in its
final rule at 29 CFR 2550.404c–5. After
considering comments received in
response to this notice, the Department
intends to submit an ICR to OMB for
continuing approval. No change to the
existing ICRs is proposed or made at
this time. An agency may not conduct
or sponsor, and a person is not required
to respond to, an information collection
unless it displays a valid OMB control
number. A summary of the ICR and the
current burden estimates follows:
Agency: Employee Benefits Security
Administration, Department of Labor.
Title: Default Investment Alternatives
under Individual Account Plans.
Type of Review: Extension of a
currently approved collection of
information.
OMB Number: 1210–0132.
Affected Public: Individuals or
households; Business or other for-profit;
Not-for-profit institutions.
Respondents: 1,700.
Responses: 66,991,403.
Estimated Total Burden Hours:
795,219.
Estimated Total Burden Cost
(Operating and Maintenance):
$24,711,418.
VerDate Mar<15>2010
15:31 Aug 20, 2010
Jkt 220001
III. Focus of Comments
The Department of Labor
(Department) is particularly interested
in comments that:
• 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., by permitting electronic
submissions of responses.
Comments submitted in response to
this notice will be summarized and/or
included in the ICR for OMB approval
of the extension of the information
collection; they will also become a
matter of public record.
Dated: August 17, 2010.
Michael L. Davis,
Deputy Assistant Secretary, Employee
Benefits Security Administration.
[FR Doc. 2010–20799 Filed 8–20–10; 8:45 am]
BILLING CODE 4510–29–P
DEPARTMENT OF LABOR
Employee Benefits Security
Administration
Proposed Extension of Information
Collection Request Submitted for
Public Comment; Regulation Relating
to Loans to Plan Participants and
Beneficiaries Who Are Parties in
Interest With Respect to the Plan
Employee Benefits Security
Administration, Department of Labor.
ACTION: Notice.
AGENCY:
The Department of Labor (the
Department), in accordance with the
Paperwork Reduction Act of 1995 (PRA
95) (44 U.S.C. 3506(c)(2)(A)), provides
the general public and Federal agencies
with an opportunity to comment on
proposed and continuing collections of
information. This helps the Department
assess the impact of its information
collection requirements and minimize
the public’s reporting burden. It also
helps the public understand the
SUMMARY:
PO 00000
Frm 00097
Fmt 4703
Sfmt 4703
Department’s information collection
requirements and provide the requested
data in the desired format. The
Employee Benefits Security
Administration is soliciting comments
on the proposed extension of the
information collection provisions of its
regulation relating to loans to plan
participants and beneficiaries who are
parties in interest with respect to the
plan (29 CFR 2550.408b–1). A copy of
the information collection request (ICR)
may be obtained by contacting the office
listed in the ADDRESSES section of this
notice. ICRs also are available at
reginfo.gov (https://www.reginfo.gov/
public/do/PRAMain).
DATES: Written comments must be
submitted to the office shown in the
Addresses section on or before October
22, 2010.
ADDRESSES: G. Christopher Cosby,
Department of Labor, Employee Benefits
Security Administration, 200
Constitution Avenue, NW., Washington,
DC 20210, (202) 693–8410, FAX (202)
693–4745 (these are not toll-free
numbers).
SUPPLEMENTARY INFORMATION:
I. Background
The Employee Retirement Income
Security Act of 1974 (ERISA) prohibits
a plan fiduciary from causing the plan
to engage in a transaction if he knows
or should know that such transaction
constitutes direct or indirect loan or
extension of credit between the plan
and a party in interest. ERISA section
408(b)(1) exempts from this prohibition
loans from a plan to parties in interest
who are participants and beneficiaries
of the plan, provided that certain
requirements are satisfied. In final
regulations published in the Federal
Register on July 20, 1989 (54 FR 30520),
the Department provided additional
guidance on section 408(b)(1)(C), which
requires that loans be made in
accordance with specific provisions in
the plan. This ICR therefore relates to
the provisions plan documents must
include in order for a plan may make
loans to participants. The ICR is
scheduled to expire on October 31,
2010.
II. Current Actions
This notice requests public comment
on the Department’s request for
extension of OMB approval of the
information collection contained in its
final rule at 29 CFR 2550.408b–1. After
considering all the responses to this
notice, the Department intends to
submit an ICR to OMB for continuing
approval. The Department is not
proposing any changes to the existing
E:\FR\FM\23AUN1.SGM
23AUN1
Federal Register / Vol. 75, No. 162 / Monday, August 23, 2010 / Notices
ICR at this time. An agency may not
conduct or sponsor, and a person is not
required to respond to, an information
collection unless it displays a valid
OMB control number. A summary of the
ICR and the current burden estimates
follows:
Agency: Employee Benefits Security
Administration, Department of Labor.
Title: Regulation Relating to Loans to
Plan Participants and Beneficiaries who
are Parties in Interest with Respect to
the Plan.
Type of Review: Extension of a
currently approved collection of
information.
OMB Number: 1210–0076.
Affected Public: Individuals or
households; Business or other for-profit;
Not-for-profit institutions.
Respondents: 1,700.
Responses: 1,700.
Estimated Total Burden Hours: 1.
Estimated Total Burden Cost
(Operating and Maintenance): $556,000.
erowe on DSK5CLS3C1PROD with NOTICES
III. Focus of Comments
The Department of Labor
(Department) is particularly interested
in comments that:
• 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., by permitting electronic
submissions of responses.
Comments submitted in response to
this notice will be summarized and/or
included in the ICR for OMB approval
of the extension of the information
collection; they will also become a
matter of public record.
Dated: August 17, 2010.
Michael L. Davis,
Deputy Assistant Secretary, Employee
Benefits Security Administration.
[FR Doc. 2010–20798 Filed 8–20–10; 8:45 am]
BILLING CODE 4510–29–P
VerDate Mar<15>2010
15:31 Aug 20, 2010
Jkt 220001
51845
Signed in Washington, DC, this 6th day of
August 2010.
Michael W. Jaffe,
Certifying Officer, Division of Trade
Adjustment Assistance.
DEPARTMENT OF LABOR
Employment and Training
Administration
[FR Doc. 2010–20786 Filed 8–20–10; 8:45 am]
[TA–W–70,993; TA–W–70,993A]
BILLING CODE 4510–FN–P
Diebold, Incorporated, Hebron, OH;
Diebold, Incorporated, North Canton,
OH; Amended Certification Regarding
Eligibility To Apply for Worker
Adjustment Assistance
In accordance with Section 223 of the
Trade Act of 1974, as amended (‘‘Act’’),
19 U.S.C. 2273, the Department of Labor
issued a Certification of Eligibility to
Apply for Worker Adjustment
Assistance on April 1, 2010, applicable
to workers of Diebold, Incorporated,
North Canton, Ohio. The notice was
published in the Federal Register on
May 5, 2010 (75 FR 24750). The notice
was corrected on April 23, 2010 to show
the correct location of the subject firm
should read Hebron, Ohio not North
Canton, Ohio which is the headquarters
location of the subject firm.
At the request of the State agency, the
Department reviewed the certification
for workers of the subject firm. The
workers were engaged in the production
of banking security equipment.
New findings show that worker
separations occurred during the relevant
time period at the North Canton, Ohio
location of Diebold, Incorporated. The
North Canton, Ohio location produced
banking security equipment and served
as the headquarter offices for Diebold,
Incorporated.
Accordingly, the Department is
amending the certification to include
workers of the North Canton, Ohio
location of Diebold, Incorporated.
The intent of the Department’s
certification is to include all workers of
the subject firm who were adversely
affected by a shift in production of
banking security equipment to Hungary
and China.
The amended notice applicable to
TA–W–70,993 is hereby issued as
follows:
All workers of Diebold, Incorporated,
Hebron, Ohio (TA–W–70,993 and Diebold,
Incorporated, North Canton, Ohio (TA–W–
70,993A), who became totally or partially
separated from employment on or after June
4, 2008, through April 1, 2012, and all
workers in the group threatened with total or
partial separation from employment on date
of certification through two years from the
date of certification, are eligible to apply for
adjustment assistance under Chapter 2 of
Title II of the Trade Act of 1974, as amended.
PO 00000
Frm 00098
Fmt 4703
Sfmt 4703
DEPARTMENT OF LABOR
Employment and Training
Administration
[TA–W–73,591A]
Chrysler Group, LLC Manufacturing
Division St. Louis North Plant
Including On-Site Leased Workers
From American Food, G4S Wackenhut,
C R Associates, Syncreon, Robinson
Solutions and Dupont Performance
Coatings Fenton, MO; Amended
Certification Regarding Eligibility To
Apply for Worker Adjustment
Assistance
In accordance with Section 223 of the
Trade Act of 1974, as amended (‘‘Act’’),
19 U.S.C. 2273, the Department of Labor
issued a Certification of Eligibility to
Apply for Worker Adjustment
Assistance on June 2, 2010, applicable
to workers of Chrysler Group, LLC,
Manufacturing Division, St. Louis North
Plant, including on-site leased workers
from American Food, G4S Wackenhut,
C R Associates, Syncreon and Robinson
Solutions, Fenton, Missouri. The notice
was published in the Federal Register
on June 16, 2010 (75 FR 34177).
At the request of petitioners, the
Department reviewed the certification
for workers of the subject firm. The
workers develop and produce
performance coating solutions for
vehicles.
The company reports that workers
leased from DuPont Performance
Coatings, a wholly-owned subsidiary of
E.I. DuPont de Nemours Company,
OEM, were employed on-site at the
Fenton, Missouri location of Chrysler
Group, LLC, Manufacturing Division, St.
Louis North Plant. The Department has
determined that these workers were
sufficiently under the control of the
subject firm to be considered leased
workers.
Based on these findings, the
Department is amending this
certification to include workers leased
from DuPont Performance Coatings, a
wholly-owned subsidiary of E.I. DuPont
de Nemours Company, OEM, working
on-site at the Fenton, Missouri location
of Chrysler Group, LLC, Manufacturing
Division, St. Louis North Plant.
E:\FR\FM\23AUN1.SGM
23AUN1
]]>Agencies
[Federal Register Volume 75, Number 162 (Monday, August 23, 2010)]
[Notices]
[Pages 51844-51845]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-20798]
-----------------------------------------------------------------------
DEPARTMENT OF LABOR
Employee Benefits Security Administration
Proposed Extension of Information Collection Request Submitted
for Public Comment; Regulation Relating to Loans to Plan Participants
and Beneficiaries Who Are Parties in Interest With Respect to the Plan
AGENCY: Employee Benefits Security Administration, Department of Labor.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Department of Labor (the Department), in accordance with
the Paperwork Reduction Act of 1995 (PRA 95) (44 U.S.C. 3506(c)(2)(A)),
provides the general public and Federal agencies with an opportunity to
comment on proposed and continuing collections of information. This
helps the Department assess the impact of its information collection
requirements and minimize the public's reporting burden. It also helps
the public understand the Department's information collection
requirements and provide the requested data in the desired format. The
Employee Benefits Security Administration is soliciting comments on the
proposed extension of the information collection provisions of its
regulation relating to loans to plan participants and beneficiaries who
are parties in interest with respect to the plan (29 CFR 2550.408b-1).
A copy of the information collection request (ICR) may be obtained by
contacting the office listed in the ADDRESSES section of this notice.
ICRs also are available at reginfo.gov (https://www.reginfo.gov/public/do/PRAMain).
DATES: Written comments must be submitted to the office shown in the
Addresses section on or before October 22, 2010.
ADDRESSES: G. Christopher Cosby, Department of Labor, Employee Benefits
Security Administration, 200 Constitution Avenue, NW., Washington, DC
20210, (202) 693-8410, FAX (202) 693-4745 (these are not toll-free
numbers).
SUPPLEMENTARY INFORMATION:
I. Background
The Employee Retirement Income Security Act of 1974 (ERISA)
prohibits a plan fiduciary from causing the plan to engage in a
transaction if he knows or should know that such transaction
constitutes direct or indirect loan or extension of credit between the
plan and a party in interest. ERISA section 408(b)(1) exempts from this
prohibition loans from a plan to parties in interest who are
participants and beneficiaries of the plan, provided that certain
requirements are satisfied. In final regulations published in the
Federal Register on July 20, 1989 (54 FR 30520), the Department
provided additional guidance on section 408(b)(1)(C), which requires
that loans be made in accordance with specific provisions in the plan.
This ICR therefore relates to the provisions plan documents must
include in order for a plan may make loans to participants. The ICR is
scheduled to expire on October 31, 2010.
II. Current Actions
This notice requests public comment on the Department's request for
extension of OMB approval of the information collection contained in
its final rule at 29 CFR 2550.408b-1. After considering all the
responses to this notice, the Department intends to submit an ICR to
OMB for continuing approval. The Department is not proposing any
changes to the existing
[[Page 51845]]
ICR at this time. An agency may not conduct or sponsor, and a person is
not required to respond to, an information collection unless it
displays a valid OMB control number. A summary of the ICR and the
current burden estimates follows:
Agency: Employee Benefits Security Administration, Department of
Labor.
Title: Regulation Relating to Loans to Plan Participants and
Beneficiaries who are Parties in Interest with Respect to the Plan.
Type of Review: Extension of a currently approved collection of
information.
OMB Number: 1210-0076.
Affected Public: Individuals or households; Business or other for-
profit; Not-for-profit institutions.
Respondents: 1,700.
Responses: 1,700.
Estimated Total Burden Hours: 1.
Estimated Total Burden Cost (Operating and Maintenance): $556,000.
III. Focus of Comments
The Department of Labor (Department) is particularly interested in
comments that:
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., by
permitting electronic submissions of responses.
Comments submitted in response to this notice will be summarized
and/or included in the ICR for OMB approval of the extension of the
information collection; they will also become a matter of public
record.
Dated: August 17, 2010.
Michael L. Davis,
Deputy Assistant Secretary, Employee Benefits Security Administration.
[FR Doc. 2010-20798 Filed 8-20-10; 8:45 am]
BILLING CODE 4510-29-P
