Regulations Governing the Performance of Actuarial Services under the Employee Retirement Income Security Act of 1974 (20 CFR 901)

Forms and Documents

Document Name	Status
Form Form 5434 FORM 5434, Application for Enrollment Form and Instruction	Modified
Form 5434-A Form 5434-A - Joint Board for the Enrollment of Actuaries Application for Renewal of Enrollment Form and Instruction	New
Supporting_Statement_REV.doc Supporting Statement A	2013-04-30

IC Document Collections

IC ID	Document Title	Status
39888	FORM 5434, Application for Enrollment Form and Instruction	Modified
206370	20 CFR 901 - Regulations Governing the Performance of Actuarial Services Under the Employee Retirement Income Security Act of 1972	New
206369	Form 5434-A - Joint Board for the Enrollment of Actuaries Application for Renewal of Enrollment Form and Instruction	New

ICR Details

OMB Control No: 1545-0951	ICR Reference No: 201304-1545-007
Status: Historical Active	Previous ICR Reference No: 201001-1545-022
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Regulations Governing the Performance of Actuarial Services under the Employee Retirement Income Security Act of 1974 (20 CFR 901)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/02/2013
	Date Received in OIRA: 04/30/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2016	36 Months From Approved	07/31/2013
Responses	10,100	0	6,000
Time Burden (Hours)	4,200	0	3,800
Cost Burden (Dollars)	0	0	0

---

Abstract: The information relates to the granting of enrollment status to actuaries admitted (licensed) by the Joint Board for the Enrollment of Actuaries to perform actuarial services under the Employee Retirement Income Security Act of 1974.

---

Authorizing Statute(s): US Code: 29 USC 1241 Name of Law: Joint Board for the Enrollment of Actuaries
   US Code: 26 USC 7805 Name of Law: Rules and regulations
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 61822	10/11/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 25135	04/29/2013
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
20 CFR 901 - Regulations Governing the Performance of Actuarial Services Under the Employee Retirement Income Security Act of 1972
FORM 5434, Application for Enrollment	Form 5434	Joint Board for the Enrollment of Actuaries Application for Enrollment
Form 5434-A - Joint Board for the Enrollment of Actuaries Application for Renewal of Enrollment	5434-A	Joint Board for the Enrollment of Actuaries Application for Renewal of Enrollment

---

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	10,100	6,000	0	4,100	0	0
Annual Time Burden (Hours)	4,200	3,800	0	1,000	-600	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This revision separates the forms into individual ICs and separates recordkeeping burden prescribed under 20 CFR Part 901, as amended by TD 9715. The adjustment identifies current recordkeeping burden, previously reported under the forms, to a separate IC. The revision will result in an estimated increase in the annual burden under the recordkeeping IC of 400 hours due to program change; for a total of 4,200 requested.

---

Annual Cost to Federal Government: $10,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

---

Common Form ICR:  No

---

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 04/30/2013

---