81 FR 42794 - Submission for OMB Review; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 126 (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