Agency Information Collection Activities; Submission for OMB Review; Comment Request; Employee Retirement Income Security Act of 1974 Prohibited Transaction Provisions Exemption Application Procedure, 8221-8222 [2021-02326]
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Federal Register / Vol. 86, No. 22 / Thursday, February 4, 2021 / Notices
including whether the information will
have practical utility; (2) if the
information will be processed and used
in a timely manner; (3) the accuracy of
the agency’s estimates of the burden and
cost of the collection of information,
including the validity of the
methodology and assumptions used; (4)
ways to enhance the quality, utility and
clarity of the information collection; and
(5) ways to minimize the burden of the
collection of information on those who
are to respond, including the use of
automated collection techniques or
other forms of information technology.
FOR FURTHER INFORMATION CONTACT:
Mara Blumenthal by telephone at 202–
693–8538, or by email at DOL_PRA_
PUBLIC@dol.gov.
Section
110 of ERISA (29 U.S.C. 1030)
authorizes the Secretary of Labor to
prescribe alternative methods of
compliance with the reporting and
disclosure requirements of Title I of the
Employee Retirement Income Security
Act of 1974 (ERISA) for pension plans.
Simplified Employee Pensions (SEPs)
are established by section 408(k) of the
Internal Revenue Code of 1986 (the
Code). Although SEPs are primarily a
development of the Code subject to its
requirements, SEPs are also pension
plans subject to the reporting and
disclosure requirements of Title I of
ERISA. The disclosure requirements set
forth in the regulation ensure that
administrators of non-model SEPs
provide participants with specific
written information concerning SEPs.
This ICR generally requires timely
written disclosure to employees eligible
to participate in non-model SEPs,
including specific information
concerning: Participation requirements;
allocation formulas for employer
contributions; designated contact
persons for further information; and, for
employer recommended IRAs, specific
terms of the IRAs such as rates of return
and any restrictions on withdrawals. For
additional substantive information
about this ICR, see the related notice
published in the Federal Register on
October 20, 2020 (85 FR 66580).
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 the OMB
approves it 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
jbell on DSKJLSW7X2PROD with NOTICES
SUPPLEMENTARY INFORMATION:
VerDate Sep<11>2014
17:13 Feb 03, 2021
Jkt 253001
display a valid OMB Control Number.
See 5 CFR 1320.5(a) and 1320.6.
DOL seeks PRA authorization for this
information collection for three (3)
years. OMB authorization for an ICR
cannot be for more than three (3) years
without renewal. The DOL notes that
information collection requirements
submitted to the OMB for existing ICRs
receive a month-to-month extension
while they undergo review.
Agency: DOL–EBSA.
Title of Collection: Alternative
Method of Compliance for Certain
Simplified Employee Pensions.
OMB Control Number: 1210–0034.
Affected Public: Private Sector—
Businesses or other for-profits.
Total Estimated Number of
Respondents: 35,660.
Total Estimated Number of
Responses: 67,930.
Total Estimated Annual Time Burden:
21,227 hours.
Total Estimated Annual Other Costs
Burden: $3,223.
Authority: 44 U.S.C. 3507(a)(1)(D).
Dated: January 28, 2021.
Mara Blumenthal,
Senior PRA Analyst.
[FR Doc. 2021–02325 Filed 2–3–21; 8:45 am]
BILLING CODE 4510–29–P
DEPARTMENT OF LABOR
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Employee
Retirement Income Security Act of
1974 Prohibited Transaction
Provisions Exemption Application
Procedure
Notice of availability; request
for comments.
ACTION:
The Department of Labor
(DOL) is submitting this EBSAsponsored information collection
request (ICR) to the Office of
Management and Budget (OMB) for
review and approval 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 8, 2021.
ADDRESSES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function.
SUMMARY:
PO 00000
Frm 00062
Fmt 4703
Sfmt 4703
8221
Comments are invited on: (1) Whether
the collection of information is
necessary for the proper performance of
the functions of the Department,
including whether the information will
have practical utility; (2) if the
information will be processed and used
in a timely manner; (3) the accuracy of
the agency’s estimates of the burden and
cost of the collection of information,
including the validity of the
methodology and assumptions used; (4)
ways to enhance the quality, utility and
clarity of the information collection; and
(5) ways to minimize the burden of the
collection of information on those who
are to respond, including the use of
automated collection techniques or
other forms of information technology.
FOR FURTHER INFORMATION CONTACT:
Mara Blumenthal by telephone at 202–
693–8538, or by email at DOL_PRA_
PUBLIC@dol.gov.
SUPPLEMENTARY INFORMATION: This
information collection relates to the
Department’s regulation governing the
procedure for filing and processing of
applications for administrative
exemptions from the prohibited
transaction provisions of the Employee
Retirement Income Security Act of 1974
(ERISA), the Internal Revenue Code of
1986 (the Code), and the Federal
Employees’ Retirement System Act of
1986 (FERSA). The regulation contains
the following collections of information:
(1) An applicant for an exemption must
disclose information regarding the
application and certify that the
information is necessary in order for the
Department to make an informed
determination regarding the application
and (2) the applicant must distribute a
notice to interested parties, in which
participants and beneficiaries are
informed of the application for
exemption and have an opportunity to
respond. For additional substantive
information about this ICR, see the
related notice published in the Federal
Register on October 20, 2020 (85 FR
66580).
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 the OMB
approves it 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 OMB Control Number.
See 5 CFR 1320.5(a) and 1320.6.
DOL seeks PRA authorization for this
information collection for three (3)
E:\FR\FM\04FEN1.SGM
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8222
Federal Register / Vol. 86, No. 22 / Thursday, February 4, 2021 / Notices
years. OMB authorization for an ICR
cannot be for more than three (3) years
without renewal. The DOL notes that
information collection requirements
submitted to the OMB for existing ICRs
receive a month-to-month extension
while they undergo review.
Agency: DOL–EBSA.
Title of Collection: Employee
Retirement Income Security Act of 1974
Section 408(a) Prohibited Transaction
Provisions Exemption Application
Procedure.
OMB Control Number: 1210–0060.
Affected Public: Private Sector—
Businesses or other for-profits.
Total Estimated Number of
Respondents: 20.
Total Estimated Number of
Responses: 4,899.
Total Estimated Annual Time Burden:
632 hours.
Total Estimated Annual Other Costs
Burden: $551,422.
Authority: 44 U.S.C. 3507(a)(1)(D).
Dated: January 28, 2021.
Mara Blumenthal,
Senior PRA Analyst.
[FR Doc. 2021–02326 Filed 2–3–21; 8:45 am]
BILLING CODE 4510–29–P
DEPARTMENT OF LABOR
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request;
Investment Advice Participants and
Beneficiaries
Notice of availability; request
for comments.
ACTION:
The Department of Labor
(DOL) is submitting this EBSAsponsored information collection
request (ICR) to the Office of
Management and Budget (OMB) for
review and approval 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 8, 2021.
ADDRESSES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function.
Comments are invited on: (1) Whether
the collection of information is
necessary for the proper performance of
jbell on DSKJLSW7X2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:13 Feb 03, 2021
Jkt 253001
the functions of the Department,
including whether the information will
have practical utility; (2) if the
information will be processed and used
in a timely manner; (3) the accuracy of
the agency’s estimates of the burden and
cost of the collection of information,
including the validity of the
methodology and assumptions used; (4)
ways to enhance the quality, utility and
clarity of the information collection; and
(5) ways to minimize the burden of the
collection of information on those who
are to respond, including the use of
automated collection techniques or
other forms of information technology.
FOR FURTHER INFORMATION CONTACT:
Mara Blumenthal by telephone at 202–
693–8538, or by email at DOL_PRA_
PUBLIC@dol.gov.
SUPPLEMENTARY INFORMATION: The
Department’s rule allows financial
services firms, such as a registered
investment adviser, bank, or registered
broker-dealer, to provide investment
advice on its proprietary investment
products or other investments that
would result in fees or other payments
to the firm, if the firm complies with a
fee-leveling requirement or the advice is
furnished using a certified computer
model. The regulation contains the
following collections of information: (1)
A fiduciary adviser must furnish an
initial disclosure that provides detailed
information to participants about an
advice arrangement before initially
providing investment advice; (2) a
fiduciary adviser must engage, at least
annually, an independent auditor to
conduct an audit of the investment
advice arrangement for compliance with
the regulation; (3) if the fiduciary
adviser provides the investment advice
through the use of a computer model,
the fiduciary adviser must obtain the
written certification of an eligible
investment expert as to the computer
model’s compliance with certain
standards (e.g., applies generally
accepted investment theories, unbiased
operation, objective criteria) set forth in
the regulation before providing the
advice; and (4) fiduciary advisers must
maintain records with respect to the
investment advice provided in reliance
on the regulation necessary to determine
whether the applicable requirements of
the regulation have been satisfied. For
additional substantive information
about this ICR, see the related notice
published in the Federal Register on
October 20, 2020 (85 FR 66580).
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
PO 00000
Frm 00063
Fmt 4703
Sfmt 4703
information collection, unless the OMB
approves it 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 OMB Control Number.
See 5 CFR 1320.5(a) and 1320.6.
DOL seeks PRA authorization for this
information collection for three (3)
years. OMB authorization for an ICR
cannot be for more than three (3) years
without renewal. The DOL notes that
information collection requirements
submitted to the OMB for existing ICRs
receive a month-to-month extension
while they undergo review.
Agency: DOL–EBSA.
Title of Collection: Investment Advice
Participants and Beneficiaries.
OMB Control Number: 1210–0134.
Affected Public: Private Sector—
Businesses or other for-profits.
Total Estimated Number of
Respondents: 11,396.
Total Estimated Number of
Responses: 23,033,030.
Total Estimated Annual Time Burden:
2,423,391 hours.
Total Estimated Annual Other Costs
Burden: $318,912,816.
Authority: 44 U.S.C. 3507(a)(1)(D).
Dated: January 28, 2021.
Mara Blumenthal,
Senior PRA Analyst.
[FR Doc. 2021–02327 Filed 2–3–21; 8:45 am]
BILLING CODE 4510–29–P
LIBRARY OF CONGRESS
Copyright Royalty Board
[Docket No. 20–CRB–0008–CA (2020–2025)]
Adjustment of Cable Statutory License
Royalty Rates
Copyright Royalty Board,
Library of Congress.
ACTION: Notice of proposed settlement;
request for comments.
AGENCY:
The Copyright Royalty Judges
publish for comment a proposed
settlement governing royalty rates and
terms for the distant retransmission of
over-the-air television and radio
broadcast stations by cable television
systems to their subscribers.
DATES: Comments are due no later than
February 25, 2021.
ADDRESSES: You may send comments,
identified by docket number 20–CRB–
0008–CA, online through eCRB at
https://app.crb.gov.
Instructions: All submissions received
must include the Copyright Royalty
SUMMARY:
E:\FR\FM\04FEN1.SGM
04FEN1
]]>Agencies
[Federal Register Volume 86, Number 22 (Thursday, February 4, 2021)]
[Notices]
[Pages 8221-8222]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-02326]
-----------------------------------------------------------------------
DEPARTMENT OF LABOR
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Employee Retirement Income Security Act of
1974 Prohibited Transaction Provisions Exemption Application Procedure
ACTION: Notice of availability; request for comments.
-----------------------------------------------------------------------
SUMMARY: The Department of Labor (DOL) is submitting this EBSA-
sponsored information collection request (ICR) to the Office of
Management and Budget (OMB) for review and approval 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 8, 2021.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
Comments are invited on: (1) Whether the collection of information
is necessary for the proper performance of the functions of the
Department, including whether the information will have practical
utility; (2) if the information will be processed and used in a timely
manner; (3) the accuracy of the agency's estimates of the burden and
cost of the collection of information, including the validity of the
methodology and assumptions used; (4) ways to enhance the quality,
utility and clarity of the information collection; and (5) ways to
minimize the burden of the collection of information on those who are
to respond, including the use of automated collection techniques or
other forms of information technology.
FOR FURTHER INFORMATION CONTACT: Mara Blumenthal by telephone at 202-
693-8538, or by email at [email protected].
SUPPLEMENTARY INFORMATION: This information collection relates to the
Department's regulation governing the procedure for filing and
processing of applications for administrative exemptions from the
prohibited transaction provisions of the Employee Retirement Income
Security Act of 1974 (ERISA), the Internal Revenue Code of 1986 (the
Code), and the Federal Employees' Retirement System Act of 1986
(FERSA). The regulation contains the following collections of
information: (1) An applicant for an exemption must disclose
information regarding the application and certify that the information
is necessary in order for the Department to make an informed
determination regarding the application and (2) the applicant must
distribute a notice to interested parties, in which participants and
beneficiaries are informed of the application for exemption and have an
opportunity to respond. For additional substantive information about
this ICR, see the related notice published in the Federal Register on
October 20, 2020 (85 FR 66580).
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 the OMB approves it 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
OMB Control Number. See 5 CFR 1320.5(a) and 1320.6.
DOL seeks PRA authorization for this information collection for
three (3)
[[Page 8222]]
years. OMB authorization for an ICR cannot be for more than three (3)
years without renewal. The DOL notes that information collection
requirements submitted to the OMB for existing ICRs receive a month-to-
month extension while they undergo review.
Agency: DOL-EBSA.
Title of Collection: Employee Retirement Income Security Act of
1974 Section 408(a) Prohibited Transaction Provisions Exemption
Application Procedure.
OMB Control Number: 1210-0060.
Affected Public: Private Sector--Businesses or other for-profits.
Total Estimated Number of Respondents: 20.
Total Estimated Number of Responses: 4,899.
Total Estimated Annual Time Burden: 632 hours.
Total Estimated Annual Other Costs Burden: $551,422.
Authority: 44 U.S.C. 3507(a)(1)(D).
Dated: January 28, 2021.
Mara Blumenthal,
Senior PRA Analyst.
[FR Doc. 2021-02326 Filed 2-3-21; 8:45 am]
BILLING CODE 4510-29-P
