Agency Information Collection Activities; Submission for OMB Review; Comment Request; Default Investment Alternatives Under Participant Directed Individual Account Plans, 11242-11243 [2017-03359]
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11242
Federal Register / Vol. 82, No. 33 / Tuesday, February 21, 2017 / Notices
DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request;
Performance Partnership Pilots for
Disconnected Youth Program National
Evaluation
ACTION:
Notice.
The Department of Labor
(DOL) is submitting the information
collection request (ICR) proposal titled,
‘‘Performance Partnership Pilots for
Disconnected Youth Program National
Evaluation,’’ to the Office of
Management and Budget (OMB) for
review and approval for use in
accordance with the Paperwork
Reduction Act (PRA) of 1995. Public
comments on the ICR are invited.
DATES: The OMB will consider all
written comments that agency receives
on or before March 23, 2017.
ADDRESSES: A copy of this ICR with
applicable supporting documentation;
including a description of the likely
respondents, proposed frequency of
response, and estimated total burden
may be obtained free of charge from the
RegInfo.gov Web site at https://
www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=201609-1290-002
(this link will only become active on the
day following publication of this notice)
or by contacting Michel Smyth by
telephone at 202–693–4129 (this is not
a toll-free number) or by email at DOL_
PRA_PUBLIC@dol.gov.
Submit comments about this request
by mail or courier to the Office of
Information and Regulatory Affairs,
Attn: OMB Desk Officer for DOL–OS,
Office of Management and Budget,
Room 10235, 725 17th Street NW.,
Washington, DC 20503; by Fax: 202–
395–5806 (this is not a toll-free
number); or by email: OIRA_
submission@omb.eop.gov. Commenters
are encouraged, but not required, to
send a courtesy copy of any comments
by mail or courier to the U.S.
Department of Labor-OASAM, Office of
the Chief Information Officer, Attn:
Departmental Information Compliance
Management Program, Room N1301,
200 Constitution Avenue NW.,
Washington, DC 20210; or by email:
DOL_PRA_PUBLIC@dol.gov.
FOR FURTHER INFORMATION CONTACT:
Michel Smyth by telephone at 202–693–
4129 (this is not a toll-free number) or
by email at DOL_PRA_PUBLIC@dol.gov.
sradovich on DSK3GMQ082PROD with NOTICES
SUMMARY:
Authority: 44 U.S.C. 3507(a)(1)(D).
This ICR
seeks PRA authority for the Performance
SUPPLEMENTARY INFORMATION:
VerDate Sep<11>2014
17:15 Feb 17, 2017
Jkt 241001
Partnership Pilots (P–3) for
Disconnected Youth Program National
Evaluation information collection. More
specifically, this ICR seeks clearance for
four (4) data collection activities
conducted as part of the evaluation’s
implementation and systems analyses:
(1) Site visit interviews; (2) focus group
discussions with P3 youth participants;
(3) a survey of partner managers; and (4)
a survey of partner service providers.
This proposed information collection
is subject to the PRA. A Federal agency
generally cannot conduct or sponsor a
collection of information, and the public
is generally not required to respond to
an information collection, unless it is
approved by the OMB under the PRA
and displays a currently valid OMB
Control Number. In addition,
notwithstanding any other provisions of
law, no person shall generally be subject
to penalty for failing to comply with a
collection of information if the
collection of information does not
display a valid Control Number. See 5
CFR 1320.5(a) and 1320.6. For
additional information, see the related
notice published in the Federal Register
on May 19, 2016 (81 FR 31664).
Interested parties are encouraged to
send comments to the OMB, Office of
Information and Regulatory Affairs at
the address shown in the ADDRESSES
section within thirty (30) days of
publication of this notice in the Federal
Register. In order to help ensure
appropriate consideration, comments
should mention OMB ICR Reference
Number 201609–1290–002. The OMB 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., permitting electronic submission of
responses.
Agency: DOL–OS.
Title of Collection: Performance
Partnership Pilots for Disconnected
Youth Program National Evaluation.
PO 00000
Frm 00072
Fmt 4703
Sfmt 4703
OMB ICR Reference Number: 201609–
1290–002.
Affected Public: Individuals or
Households; State, Local, and Tribal
Governments; Private Sector—
businesses or other for-profits and notfor-profit institutions.
Total Estimated Number of
Respondents: 252.
Total Estimated Number of
Responses: 252.
Total Estimated Annual Time Burden:
195 hours.
Total Estimated Annual Other Costs
Burden: $0.
Dated: February 14, 2017.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2017–03354 Filed 2–17–17; 8:45 am]
BILLING CODE 4510–HX–P
DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Default
Investment Alternatives Under
Participant Directed Individual Account
Plans
ACTION:
Notice.
The Department of Labor
(DOL) is submitting the Employee
Benefits Security Administration
(EBSA) sponsored information
collection request (ICR) titled, ‘‘Default
Investment Alternatives under
Participant Directed Individual Account
Plans,’’ to the Office of Management and
Budget (OMB) for review and approval
for continued use, without change, in
accordance with the Paperwork
Reduction Act of 1995 (PRA). Public
comments on the ICR are invited.
DATES: The OMB will consider all
written comments that agency receives
on or before March 23, 2017.
ADDRESSES: A copy of this ICR with
applicable supporting documentation;
including a description of the likely
respondents, proposed frequency of
response, and estimated total burden
may be obtained free of charge from the
RegInfo.gov Web site at https://
www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=201701-1210-006
(this link will only become active on the
day following publication of this notice)
or by contacting Michel Smyth by
telephone at 202–693–4129, TTY 202–
693–8064, (these are not toll-free
numbers) or by email at DOL_PRA_
PUBLIC@dol.gov.
Submit comments about this request
by mail or courier to the Office of
SUMMARY:
E:\FR\FM\21FEN1.SGM
21FEN1
sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 82, No. 33 / Tuesday, February 21, 2017 / Notices
Information and Regulatory Affairs,
Attn: OMB Desk Officer for DOL–EBSA,
Office of Management and Budget,
Room 10235, 725 17th Street NW.,
Washington, DC 20503; by Fax: 202–
395–5806 (this is not a toll-free
number); or by email: OIRA_
submission@omb.eop.gov. Commenters
are encouraged, but not required, to
send a courtesy copy of any comments
by mail or courier to the U.S.
Department of Labor-OASAM, Office of
the Chief Information Officer, Attn:
Departmental Information Compliance
Management Program, Room N1301,
200 Constitution Avenue NW.,
Washington, DC 20210; or by email:
DOL_PRA_PUBLIC@dol.gov.
FOR FURTHER INFORMATION CONTACT:
Michel Smyth by telephone at 202–693–
4129, TTY 202–693–8064, (these are not
toll-free numbers) or by email at DOL_
PRA_PUBLIC@dol.gov.
SUPPLEMENTARY INFORMATION: This ICR
seeks to extend PRA authority for the
information collection requirements
specified in regulations 29 CFR
2520.104b–1 and 2550.404c–5. More
specifically, Employee Retirement
Income Security Act of 1974 (ERISA)
section 404(c), 29 U.S.C. 1104(c),
provides that a participant or
beneficiary who can hold an individual
account under his or her pension plan
and who can exercise control over
account assets, as determined in DOL
regulations, will not be treated as a plan
fiduciary. Moreover, no other plan
fiduciary will be liable for any loss, or
due to any breach, resulting from the
participant’s or beneficiary’s exercise of
control over the individual account
assets. The Pension Protection Act,
Public Law 109–280, amended the
ERISA by adding section 404(c)(5)(A),
29 U.S.C. 1104(c)(5)(A), which provides
that a participant in an individual
account plan who fails to make
investment elections regarding his or
her account assets will nevertheless be
treated as having exercised control over
those assets, so long as the plan
provides appropriate notice and invests
the assets in accordance with DOL
regulations. The DOL, accordingly,
promulgated a regulation to offer
guidance on the types of investment
vehicles that a plan may choose as its
qualified default investment alternative
(QDIA). The regulation also outlines two
information collection requirements.
First, it implements the statutory
requirement that a plan provide an
annual notice to each participant and
beneficiary whose account assets could
be invested in a QDIA. Second, the
regulation requires a plan to pass any
pertinent materials it receives from a
VerDate Sep<11>2014
17:15 Feb 17, 2017
Jkt 241001
QDIA to any participant or beneficiary
with assets invested in the QDIA, as
well to provide certain information on
request. These information collections
inform participants and beneficiaries
who do not make investment elections
of the consequences of the failure to
elect investments, the ways in which
account assets will be invested through
the QDIA, and of the continuing
opportunity to make other investment
elections, including options available
under the plan. ERISA section
404(c)(5)(A) authorizes this information
collection. See 29 U.S.C. 1104(c)(5)(A).
This information collection is subject
to the PRA. A Federal agency generally
cannot conduct or sponsor a collection
of information, and the public is
generally not required to respond to an
information collection, unless it is
approved by the OMB under the PRA
and displays a currently valid OMB
Control Number. In addition,
notwithstanding any other provisions of
law, no person shall generally be subject
to penalty for failing to comply with a
collection of information that does not
display a valid Control Number. See 5
CFR 1320.5(a) and 1320.6. The DOL
obtains OMB approval for this
information collection under Control
Number 1210–0132.
OMB authorization for an ICR cannot
be for more than three (3) years without
renewal, and the current approval for
this collection is scheduled to expire on
February 28, 2016. The DOL seeks to
extend PRA authorization for this
information collection for three (3) more
years, without any change to existing
requirements. The DOL notes that
existing information collection
requirements submitted to the OMB
receive a month-to-month extension
while they undergo review. For
additional substantive information
about this ICR, see the related notice
published in the Federal Register on
October 28, 2016 (81 FR 75157).
Interested parties are encouraged to
send comments to the OMB, Office of
Information and Regulatory Affairs at
the address shown in the ADDRESSES
section within thirty (30) days of
publication of this notice in the Federal
Register. In order to help ensure
appropriate consideration, comments
should mention OMB Control Number
1210–0132. The OMB 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
PO 00000
Frm 00073
Fmt 4703
Sfmt 4703
11243
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: DOL–EBSA.
Title of Collection: Default Investment
Alternatives under Participant Directed
Individual Account Plans.
OMB Control Number: 1210–0132.
Affected Public: Private Sector—
businesses or other for-profits and notfor-profit institutions.
Total Estimated Number of
Respondents: 276,222.
Total Estimated Number of
Responses: 36,249,796.
Total Estimated Annual Time Burden:
191,640 hours.
Total Estimated Annual Other Costs
Burden: $9,959,269.
Authority: 44 U.S.C. 3507(a)(1)(D).
Dated: February 13, 2017.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2017–03359 Filed 2–17–17; 8:45 am]
BILLING CODE 4510–29–P
DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; PreImplementation Planning Checklist
Report for State Unemployment
Insurance Information Technology
Modernization Projects
ACTION:
Notice.
The Department of Labor
(DOL) is submitting the Employment
and Training Administration (ETA)
sponsored information collection
request (ICR) proposal titled, ‘‘PreImplementation Planning Checklist
Report for State Unemployment
Insurance Information Technology
Modernization Projects,’’ to the Office of
Management and Budget (OMB) for
review and approval for use in
accordance with the Paperwork
Reduction Act (PRA) of 1995. Public
comments on the ICR are invited.
SUMMARY:
E:\FR\FM\21FEN1.SGM
21FEN1
]]>Agencies
[Federal Register Volume 82, Number 33 (Tuesday, February 21, 2017)]
[Notices]
[Pages 11242-11243]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-03359]
-----------------------------------------------------------------------
DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Default Investment Alternatives Under
Participant Directed Individual Account Plans
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Department of Labor (DOL) is submitting the Employee
Benefits Security Administration (EBSA) sponsored information
collection request (ICR) titled, ``Default Investment Alternatives
under Participant Directed Individual Account Plans,'' to the Office of
Management and Budget (OMB) for review and approval for continued use,
without change, in accordance with the Paperwork Reduction Act of 1995
(PRA). Public comments on the ICR are invited.
DATES: The OMB will consider all written comments that agency receives
on or before March 23, 2017.
ADDRESSES: A copy of this ICR with applicable supporting documentation;
including a description of the likely respondents, proposed frequency
of response, and estimated total burden may be obtained free of charge
from the RegInfo.gov Web site at https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=201701-1210-006 (this link will only become active
on the day following publication of this notice) or by contacting
Michel Smyth by telephone at 202-693-4129, TTY 202-693-8064, (these are
not toll-free numbers) or by email at DOL_PRA_PUBLIC@dol.gov.
Submit comments about this request by mail or courier to the Office
of
[[Page 11243]]
Information and Regulatory Affairs, Attn: OMB Desk Officer for DOL-
EBSA, Office of Management and Budget, Room 10235, 725 17th Street NW.,
Washington, DC 20503; by Fax: 202-395-5806 (this is not a toll-free
number); or by email: OIRA_submission@omb.eop.gov. Commenters are
encouraged, but not required, to send a courtesy copy of any comments
by mail or courier to the U.S. Department of Labor-OASAM, Office of the
Chief Information Officer, Attn: Departmental Information Compliance
Management Program, Room N1301, 200 Constitution Avenue NW.,
Washington, DC 20210; or by email: DOL_PRA_PUBLIC@dol.gov.
FOR FURTHER INFORMATION CONTACT: Michel Smyth by telephone at 202-693-
4129, TTY 202-693-8064, (these are not toll-free numbers) or by email
at DOL_PRA_PUBLIC@dol.gov.
SUPPLEMENTARY INFORMATION: This ICR seeks to extend PRA authority for
the information collection requirements specified in regulations 29 CFR
2520.104b-1 and 2550.404c-5. More specifically, Employee Retirement
Income Security Act of 1974 (ERISA) section 404(c), 29 U.S.C. 1104(c),
provides that a participant or beneficiary who can hold an individual
account under his or her pension plan and who can exercise control over
account assets, as determined in DOL regulations, will not be treated
as a plan fiduciary. Moreover, no other plan fiduciary will be liable
for any loss, or due to any breach, resulting from the participant's or
beneficiary's exercise of control over the individual account assets.
The Pension Protection Act, Public Law 109-280, amended the ERISA by
adding section 404(c)(5)(A), 29 U.S.C. 1104(c)(5)(A), which provides
that a participant in an individual account plan who fails to make
investment elections regarding his or her account assets will
nevertheless be treated as having exercised control over those assets,
so long as the plan provides appropriate notice and invests the assets
in accordance with DOL regulations. The DOL, accordingly, promulgated a
regulation to offer guidance on the types of investment vehicles that a
plan may choose as its qualified default investment alternative (QDIA).
The regulation also outlines two information collection requirements.
First, it implements the statutory requirement that a plan provide an
annual notice to each participant and beneficiary whose account assets
could be invested in a QDIA. Second, the regulation requires a plan to
pass any pertinent materials it receives from a QDIA to any participant
or beneficiary with assets invested in the QDIA, as well to provide
certain information on request. These information collections inform
participants and beneficiaries who do not make investment elections of
the consequences of the failure to elect investments, the ways in which
account assets will be invested through the QDIA, and of the continuing
opportunity to make other investment elections, including options
available under the plan. ERISA section 404(c)(5)(A) authorizes this
information collection. See 29 U.S.C. 1104(c)(5)(A).
This information collection is subject to the PRA. A Federal agency
generally cannot conduct or sponsor a collection of information, and
the public is generally not required to respond to an information
collection, unless it is approved by the OMB under the PRA and displays
a currently valid OMB Control Number. In addition, notwithstanding any
other provisions of law, no person shall generally be subject to
penalty for failing to comply with a collection of information that
does not display a valid Control Number. See 5 CFR 1320.5(a) and
1320.6. The DOL obtains OMB approval for this information collection
under Control Number 1210-0132.
OMB authorization for an ICR cannot be for more than three (3)
years without renewal, and the current approval for this collection is
scheduled to expire on February 28, 2016. The DOL seeks to extend PRA
authorization for this information collection for three (3) more years,
without any change to existing requirements. The DOL notes that
existing information collection requirements submitted to the OMB
receive a month-to-month extension while they undergo review. For
additional substantive information about this ICR, see the related
notice published in the Federal Register on October 28, 2016 (81 FR
75157).
Interested parties are encouraged to send comments to the OMB,
Office of Information and Regulatory Affairs at the address shown in
the ADDRESSES section within thirty (30) days of publication of this
notice in the Federal Register. In order to help ensure appropriate
consideration, comments should mention OMB Control Number 1210-0132.
The OMB 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., permitting
electronic submission of responses.
Agency: DOL-EBSA.
Title of Collection: Default Investment Alternatives under
Participant Directed Individual Account Plans.
OMB Control Number: 1210-0132.
Affected Public: Private Sector--businesses or other for-profits
and not-for-profit institutions.
Total Estimated Number of Respondents: 276,222.
Total Estimated Number of Responses: 36,249,796.
Total Estimated Annual Time Burden: 191,640 hours.
Total Estimated Annual Other Costs Burden: $9,959,269.
Authority: 44 U.S.C. 3507(a)(1)(D).
Dated: February 13, 2017.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2017-03359 Filed 2-17-17; 8:45 am]
BILLING CODE 4510-29-P
