81_FR_42920 81 FR 42794 - Submission for OMB Review; Comment Request

81 FR 42794 - Submission for OMB Review; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 126 (June 30, 2016)

Page Range42794-42798
FR Document2016-15532

Federal Register, Volume 81 Issue 126 (Thursday, June 30, 2016) 
[Federal Register Volume 81, Number 126 (Thursday, June 30, 2016)]
[Notices]
[Pages 42794-42798]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-15532]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

June 24, 2016.
    The Department of the Treasury will submit the following 
information collection request to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, Public Law 104-13, on or after the date of 
publication of this notice.

DATES: Comments should be received on or before August 1, 2016 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimates, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to (1) Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attention: Desk Officer for 
Treasury, New Executive Office Building, Room 10235, Washington, DC 
20503, or email at [email protected] and (2) Treasury PRA 
Clearance Officer, 1750 Pennsylvania Ave. NW., Suite 8117, Washington, 
DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by emailing [email protected], calling (202) 622-1295, or 
viewing the entire information collection request at www.reginfo.gov.

Internal Revenue Service (IRS)

    OMB Control Number: 1545-1610.
    Type of Review: Revision of a currently approved collection.
    Title: Annual Return/Report of Employee Benefit Plan.
    Form: Form 5500 and schedules.
    Abstract: The Annual Return/Report of Employee Benefit Plan is an 
annual information return filed by employee benefit plans. The IRS uses 
this information for a variety of matters, including ascertainment 
whether a qualified retirement plan appears to conform to requirements 
under the Internal Revenue Code or whether the plan should be audited 
for compliance.
    The Pension Benefit Guaranty Corporation (PBGC), the Department of 
Labor (DOL), and the Internal Revenue Service (IRS) work together to 
produce Form 5500 Annual Return/Report for Employee Benefit Plan and 
Form 5500-SF Short Form Annual Return/Report for Small Employee Benefit 
Plan (Form 5500 Series), through which the regulated public can satisfy 
the combined reporting/filing requirements applicable to employee 
benefit plans. The IRS produces Form 5500-SUP, a paper-only form, that 
is used by certain sponsors and administrators of retirement plans to 
satisfy certain of the reporting requirements of section 6058 of the 
Internal Revenue Code. Form 5500-SUP should be used only if certain IRS 
compliance questions are not answered electronically on the Form 5500 
or Form 5500-SF.
BILLING CODE 4830-01-P

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    Affected Public: Businesses or other for-profits; Individuals or 
households; Not-for-profit institutions; and Farms.
    Estimated Total Number of Respondents: 806,500.
    Estimated Total Annual Burden Hours: 320,208.

Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2016-15532 Filed 6-29-16; 8:45 am]
 BILLING CODE 4830-01-C

42794 Federal Register / Vol. 81, No. 126 / Thursday, June 30, 2016 / Notices DEPARTMENT OF THE TREASURY Additionally, this document does not calling (202) 622–1295, or viewing the constitute a rule subject to the entire information collection request at Internal Revenue Service Regulatory Flexibility Act (5 U.S.C. www.reginfo.gov. Chapter 6). Art Advisory Panel—Notice of Internal Revenue Service (IRS) Availability of Report of 2015 Closed Kirsten B. Wielobob, Chief, Appeals. OMB Control Number: 1545–1610. Meetings [FR Doc. 2016–15452 Filed 6–29–16; 8:45 am] Type of Review: Revision of a AGENCY: Internal Revenue Service, currently approved collection. BILLING CODE 4830–01–P Treasury. Title: Annual Return/Report of ACTION: Notice. Employee Benefit Plan. SUMMARY: Pursuant to 5 U.S.C. App. 2, DEPARTMENT OF THE TREASURY Form: Form 5500 and schedules. section 10(d), of the Federal Advisory Abstract: The Annual Return/Report Submission for OMB Review; Committee Act, and 5 U.S.C. 552b, of of Employee Benefit Plan is an annual Comment Request the Government in the Sunshine Act, a information return filed by employee report summarizing the closed meeting June 24, 2016. benefit plans. The IRS uses this activities of the Art Advisory Panel The Department of the Treasury will information for a variety of matters, during Fiscal Year 2015 has been submit the following information including ascertainment whether a prepared. A copy of this report has been collection request to the Office of qualified retirement plan appears to filed with the Assistant Secretary for Management and Budget (OMB) for conform to requirements under the Management of the Department of the review and clearance in accordance Internal Revenue Code or whether the Treasury. with the Paperwork Reduction Act of plan should be audited for compliance. DATES: Effective Date: This notice is 1995, Public Law 104–13, on or after the The Pension Benefit Guaranty effective June 22, 2016. date of publication of this notice. Corporation (PBGC), the Department of ADDRESSES: The report is available for DATES: Comments should be received on Labor (DOL), and the Internal Revenue public inspection and requests for or before August 1, 2016 to be assured Service (IRS) work together to produce copies should be addressed to: Internal of consideration. Form 5500 Annual Return/Report for Revenue Service, Freedom of ADDRESSES: Send comments regarding Employee Benefit Plan and Form 5500– Information Reading Room, Room 1621, the burden estimates, or any other SF Short Form Annual Return/Report 1111 Constitution Avenue NW., aspect of the information collection, for Small Employee Benefit Plan (Form Washington, DC 20224, Telephone including suggestions for reducing the 5500 Series), through which the number (202) 622–5164 (not a toll free burden, to (1) Office of Information and regulated public can satisfy the number). The report is also available at Regulatory Affairs, Office of combined reporting/filing requirements www.irs.gov. Management and Budget, Attention: applicable to employee benefit plans. FOR FURTHER INFORMATION CONTACT: Desk Officer for Treasury, New The IRS produces Form 5500–SUP, a Maricarmen R. Cuello, AP:SO:AAS, Executive Office Building, Room 10235, paper-only form, that is used by certain Internal Revenue Service/Appeals, 51 Washington, DC 20503, or email at sponsors and administrators of SW., 1st Avenue, Room 1014, Miami, FL OIRA_Submission@OMB.EOP.gov and retirement plans to satisfy certain of the 33130, Telephone number (305) 982– (2) Treasury PRA Clearance Officer, reporting requirements of section 6058 5364 (not a toll free number). 1750 Pennsylvania Ave. NW., Suite of the Internal Revenue Code. Form SUPPLEMENTARY INFORMATION: It has been 8117, Washington, DC 20220, or email 5500–SUP should be used only if determined that this document is not a at PRA@treasury.gov. certain IRS compliance questions are major rule as defined in Executive Order FOR FURTHER INFORMATION CONTACT: not answered electronically on the Form 12291 and that a regulatory impact Copies of the submission may be 5500 or Form 5500–SF. analysis is, therefore, not required. obtained by emailing PRA@treasury.gov, BILLING CODE 4830–01–P mstockstill on DSK3G9T082PROD with NOTICES VerDate Sep<11>2014 20:01 Jun 29, 2016 Jkt 238001 PO 00000 Frm 00166 Fmt 4703 Sfmt 4703 E:\FR\FM\30JNN1.SGM 30JNN1

Federal Register / Vol. 81, No. 126 / Thursday, June 30, 2016 / Notices 42795 IRS Pro Josed Changes on the 2016 Form 5500 Senes Returns Question on the 2015 Form Proposed 2016 Changes Compliance and Use for Form 5500s 1 a. Name of trust Form5500 a. Name of trust • This question was approved by Sch. H/I, OMB for the 2015 Form 5500 b. Trust'sEIN 5500-SF, b. Trust's EIN Series. 5500-EZ, • Requiring trust identifying c. Name of trustee or and c. Name of trustee or information will assist the IRS in custodian 5500-SUP custodian discharging its basic tax compliance and enforcement responsibilities d. Trustee's or custodian's d. Trustee's or with respect to tax-favored trusts. telephone number custodian's telephone • This question was on former number Schedule P up to 2006 where it had been approved in an information collection. 2 a. Preparer's name Forms a. Preparer's name • This question was approved by OMB (including firm name, if 5500, (including firm name, for the 2015 Form 5500 Series. applicable) and address 5500-SF, if applicable) and • Information on Form 5500 Series (include room or suite 5500-EZ, address (include room preparers will assist the IRS in number) and 5500- or suite number) identifying preparers who have Sup. engaged in patterns of b. Preparer's telephone b. Preparer' s telephone noncompliance. number number • Preparer questions were on Form 5500 through 2009 and after 2011 where they had been approved in an information collection. 3 a. Is the plan a 40l(k) Form5500 a. Is the plan a 40l(k) • This question seeks basic plan? SchR, plan? information on the method by which D No Yes D 5500-SF, and D Yes D No a 40l(k) plan satisfied the nondiscrimination requirements for 5500-SUP. If"No," skip b. employee deferrals. This information b. If "Yes," how does the is fundamental to IRS's ability to 40l(k) plan satisfy the b. How did the plan monitor plans for compliance with nondiscrimination satisfy the the nondiscrimination rules. requirements for nondiscrimination employee deferrals requirements for and employer employee deferrals matching contributions under sections (as applicable) under 40l(k)(3) for the plan sections 40l(k)(3) and year? Check all that 40l(m)(2)? (See alJly: instructions) Design-based D Design-based safe harbor safe harbor method D ADP/ACP test D "Prior year" ADP test c. If ADP/ACP test is D "Current year" ADP test used, did the 40l(k) plan perform D N/A ADP/ACP testing for the plan year using the mstockstill on DSK3G9T082PROD with NOTICES "current year testing method" for nonhighly compensated EN30JN16.024</GPH> VerDate Sep<11>2014 20:01 Jun 29, 2016 Jkt 238001 PO 00000 Frm 00167 Fmt 4703 Sfmt 4725 E:\FR\FM\30JNN1.SGM 30JNN1

42796 Federal Register/Vol. 81, No. 126 /Thursday, June 30, 2016 /Notices Queslglé)rrrlnoglst(f)lnglS Form Proposed 2016 Changes Compliance and Use for employees (Treas. Reg sections 1.401(k)— 2(a)(2)(ii) and 1.401(m)—2(a)(2)(i1))? Yes No 4 a. Check the box to Form 5500 a. What testing method * This question seeks basic information indicate the method glcjhi’d5500— was used to satisfy the on the method by which a qualified used by the plan to 5500—SUP, coverage requirements plan satisfied the minimum coverage satisfy the coverage under section 410(b) requirements on employee requirements under for the plan year? participation. This information is section 410(b): Check all that apply: fundamental to IRS‘s ability to Ratio percentage test Ratio percentage test monitor plans for compliance with the Average benefit test Average benefit test minimum coverage rules. N/A This question was on former Schedule b. Does the plan satisfy the T where it had been approved in an coverage and b. Did the plan satisfy the information collection. nondiscrimination tests coverage and of sections 410(b) and nondiscrimination 401(a)(4) by combining requirements of this plan with any other sections 410(b) and plans under the 401(a)(4) for the plan permissive aggregation year by combining this rules? plan with any other |:| Yes |:| plan under the No permissive aggregation rules? |:| Yes |:| No 5 Were in—service Form This question should assist in the distributions made 5500 Sch Defined Benefit Plan identification of whether distributions during the plan year? H/L, 5500— or Money Purchase to employees are being made before Yes D No SF. 5500— Pension Plap o.nly:. otherwise permissible in a defined If "Yes." enter amount EZ, and Were any distributions benefit or money purchase plan. made during the plan 5500—SUP ———— year to an employee who attained age 62 and had not separated from service? |:| Yes |:| No 6 Did the plan trust incur unrelated Form Deleted business taxable income? Yes D No 5500, Sch N/A H/I, 5500— SF, 5500— If Yes, enter amount ____ EZ: and 5500—SUP

Federal Register / Vol. 81, No. 126 / Thursday, June 30, 2016 / Notices 42797 Question on the 2015 Form Proposed 2016 Changes Compliance and Use for Form 5500s 7 a. Has the Plan been SchR a. If the plan is a master • Whether and when a plan received a timely amended for all Line 23a and prototype plan favorable opinion letter, advisory required law changes? 5500-SF (M&P) or volume letter or determination letter from the 17a submitter plan that IRS is a significant indicator of b. Date the last Plan received a favorable whether the form of the plan satisfies 5500- amendment/restatement IRS opinion letter or the qualification requirements under SUP, Line for the required law advisory letter, enter section 40l(a). changes was 6a the date of the letter adopted_I_1__. 5500-EZ, I I- Enter the applicable Line 13a -- and the serial code __ (See number instructions for tax law changes and codes). b. If the plan is an individually -designed c. If the plan sponsor is plan that received a an adopter of a pre- favorable approved master, determination letter prototype (M&P), or from the IRS, enter the volume submitter plan date of the most recent that is subject to a determination letter favorable opinion or - - -I I- - advisory letter from - IRS, please enter the date of plan's last opinion or advisory letter-I -I - and a letter serial number d. If the plan is an individually -designed plan and received a favorable determination letter from IRS, please enter the date of plan's last favorable determination letter I I Was any plan participant a 5% 8 Were required minimum Form owner who had attained at least • This information identifies plans to distributions made to 5% 5500-SF which special rules apply that require age 70 Yz during the prior plan owners who have attained and 5500- year? minimum distributions to a participant age 70 \12 (regardless of whether or not retired), as EZ only D Yes D No regardless of whether he or she continues in employment. The required under section information will assist the IRS to a 40l(a)(9)? Yes NIA DNo monitor plan compliance. 9 Is the Plan maintained in a Form5500 Deleted mstockstill on DSK3G9T082PROD with NOTICES U.S. territory (i.e., Puerto SchR Rico (if no election under 5500-SF ERISA section 1022(i)(2) and EN30JN16.026</GPH> VerDate Sep<11>2014 20:01 Jun 29, 2016 Jkt 238001 PO 00000 Frm 00169 Fmt 4703 Sfmt 4725 E:\FR\FM\30JNN1.SGM 30JNN1

42798 Federal Register / Vol. 81, No. 126 / Thursday, June 30, 2016 / Notices Affected Public: Businesses or other clearance process. Any member of the ** This notice is amended to reflect for-profits; Individuals or households; public wishing to attend the meeting or changes in one or more of the meetings Not-for-profit institutions; and Farms. seeking additional information should (i.e., date, time, etc.). Estimated Total Number of contact Ms. Donna Wells-Taylor at (202) The purpose of the Board is to review Respondents: 806,500. 461–1025 or by email. health services research and Estimated Total Annual Burden Dated: June 27, 2016. development applications involving: Hours: 320,208. The measurement and evaluation of Jelessa Burney, Brenda Simms, health care services; the testing of new Federal Advisory Committee Management Officer. methods of health care delivery and Treasury PRA Clearance Officer. [FR Doc. 2016–15576 Filed 6–29–16; 8:45 am] management; and nursing research. [FR Doc. 2016–15532 Filed 6–29–16; 8:45 am] Applications are reviewed for scientific BILLING CODE 4830–01–C BILLING CODE 8320–01–P and technical merit, mission relevance, and the protection of human and animal DEPARTMENT OF VETERANS subjects. Recommendations regarding DEPARTMENT OF VETERANS funding are submitted to the Chief AFFAIRS AFFAIRS Research and Development Officer. Health Services Research and Each subcommittee meeting of the Special Medical Advisory Group, Board will be open to the public the first Development Service, Scientific Merit Notice of Meeting day for approximately one half-hour at Review Board; Amended Notice of The Department of Veterans Affairs Meetings the start of the meeting on August 23 (VA) gives notice under the Federal (HSR 6), August 23–24 (HSR 1, 2, 4), The Department of Veterans Affairs August 24–25 (HSR 3, 5), August 25 Advisory Committee Act, 5 U.S.C. App. (VA) gives notice under the Federal (HSR 0, 6, 8), August 25–26 (CDA), and 2, that the Special Medical Advisory Advisory Committee Act, 5 U.S.C. App. Group will meet on September 1, 2016, August 26 (NRI) to cover administrative 2, that the Health Services Research and matters and to discuss the general status at the Department of Veterans Affairs Development Service Scientific Merit Central Office, 810 Vermont Ave. NW., of the program. Members of the public Review Board will conduct in-person who wish to attend the open portion of Conference Room 830, Washington, DC and teleconference meetings of its seven 20420 from 8:00 a.m. to 4:00 p.m. ET. the subcommittee meetings may dial 1– Health Services Research (HSR) 800–767–1750, participant code 10443#. The meeting is open to the public. subcommittees on the dates below from The purpose of the Group is to advise The remaining portion of each 8:00 a.m. to approximately 5:00 p.m. subcommittee meeting will be closed for the Secretary of Veterans Affairs and the (unless otherwise listed) at the Hilton the discussion, examination, reference Under Secretary for Health on the care Crystal City, 2399 Jefferson Davis to, and oral review of the intramural and treatment of Veterans, and other Highway, Crystal City, VA 22202 research proposals and critiques. During matters pertinent to the Department’s (unless otherwise listed): the closed portion of each subcommittee Veterans Health Administration (VHA). • HSR 1—Health Care and Clinical The agenda for the meeting will meeting, discussion and Management on August 23–24, 2016; recommendations will include include a review of MyVA Access, the • HSR 2—Behavioral, Social, and Center for Compassionate Innovation/ qualifications of the personnel Cultural Determinants of Health and Fellowship Program, Strategic conducting the studies (the disclosure of Care on August 23–24, 2016; Partnerships and Rebuilding • HSR 3—Healthcare Informatics on which would constitute a clearly Relationships. August 24–25, 2016; unwarranted invasion of personal Thirty (30) minutes will be allocated • HSR 4—Mental and Behavioral privacy), as well as research information for receiving oral presentations from the Health on August 23–24, 2016; (the premature disclosure of which public. Members of the public may • HSR 5—Health Care System would likely compromise significantly submit written statements for review by Organization and Delivery on August the implementation of proposed agency the Committee to Donna Wells-Taylor, 24–25, 2016; action regarding such research projects). Department of Veterans Affairs, Office • HSR 6—Post-acute and Long-term As provided by subsection 10(d) of of Specialty Care Services (10P4), Care on August 23, 2016; Public Law 92–463, as amended by Veterans Health Administration, 810 • HSR 8—Randomized Program Public Law 94–409, closing the meeting Vermont Avenue NW., Washington, DC Evaluations from 8:00 a.m. to 12:00 p.m. is in accordance with 5 U.S.C. 20420, or by email at donna.wells- 552b(c)(6) and (9)(B). mstockstill on DSK3G9T082PROD with NOTICES on August 25, 2016; HSR 0—Precision taylor@va.gov. Mental Health from 1:00 p.m. to 5:00 No oral or written comments will be Because the meeting is being held in p.m. on August 25, 2016; accepted from the public for either a VA Central Office, a photo I.D. is • CDA—Career Development Award portion of the meetings. Those who plan required at the entrance as a part of the Meeting on August 25–26, 2016; and to participate during the open portion of clearance process. Therefore, you • NRI—Nursing Research Initiative a subcommittee meeting should contact should plan to arrive 15 minutes before from 1:00 p.m. to 5:00 p.m. on August Ms. Liza Catucci, Administrative the meeting begins to allow time for the 26, 2016. Officer, Department of Veterans Affairs, EN30JN16.027</GPH> VerDate Sep<11>2014 20:01 Jun 29, 2016 Jkt 238001 PO 00000 Frm 00170 Fmt 4703 Sfmt 4703 E:\FR\FM\30JNN1.SGM 30JNN1


Document Created: 2018-02-08 07:45:24
Document Modified: 2018-02-08 07:45:24
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
DatesComments should be received on or before August 1, 2016 to be assured of consideration.
ContactCopies of the submission may be obtained by emailing [email protected], calling (202) 622-1295, or viewing the entire information collection request at www.reginfo.gov.
FR Citation81 FR 42794 
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