77716 Federal Register / Vol. 78, No. 247 / Tuesday, December 24, 2013 / Notices 

• 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–OSHA. 

Title of Collection: Access to 

Employee Exposure and Medical 

Records. 

OMB Control Number: 1218–0065. 

Affected Public: Private sector— 

business or other for-profits. 

Total Estimated Number of 

Respondents: 759,668. 

Total Estimated Number of 

Responses: 6,548,554. 

Total Estimated Annual Burden 

Hours: 730,515. 

Total Estimated Annual Other Costs 

Burden: $0. 

Dated: December 18, 2013. 

Michel Smyth, 

Departmental Clearance Officer. 

[FR Doc. 2013–30564 Filed 12–23–13; 8:45 am] 

BILLING CODE 4510–26–P 

DEPARTMENT OF LABOR 

Office of the Secretary 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; Prohibited 

Transaction Class Exemption 1992–6: 

Sale of Individual Life Insurance or 

Annuity Contracts by a Plan 

ACTION: Notice. 

SUMMARY: The Department of Labor 

(DOL) is submitting the Employee 

Benefits Security Administration 

(EBSA) sponsored information 

collection request (ICR) titled, 

‘‘Prohibited Transaction Class 

Exemption 1992–6: Sale of Individual 

Life Insurance or Annuity Contracts by 

a Plan,’’ 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), 44 U.S.C. 3501 et seq. 

DATES: Submit comments on or before 

January 23, 2014. 

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 http://

www.reginfo.gov/public/do/

PRAViewICR?ref_nbr=201311-1210-002 

(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 sending an email 

to 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–EBSA, 

Office of Management and Budget, 

Room 10235, 725 17th Street, NW., 

Washington, DC 20503; by Fax: 202– 

395–6881 (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. 

Authority: 44 U.S.C. 3507(a)(1)(D). 

SUPPLEMENTARY INFORMATION: This ICR 

seeks to maintain PRA authorization for 

the information collection requirements 

contained in the Prohibited Transaction 

Class Exemption (PTE) applicable to the 

sale of individual life insurance or 

annuity contracts by a plan (PTE 1992– 

6). More specifically, PTE 1992–6 

exempts from the prohibited transaction 

restrictions of the Employee Retirement 

Income Security Act (ERISA), 29 U.S.C. 

1101 et seq., the sale of individual life 

insurance or annuity contracts by a plan 

to participants, relatives of participants, 

employers any of whose employees are 

covered by the plan, other employee 

benefit plans, owner-employees or 

shareholder-employees; provided that 

certain conditions are met. In the 

absence of this exemption, certain 

aspects of these transactions might be 

prohibited by ERISA section 406. 

Among other conditions, PTE 1992–6 

requires that a pension plan inform the 

insured participant of a proposed sale of 

a life insurance or annuity policy to the 

employer, a relative, another plan, an 

owner-employee, or a shareholderemployee. The ERISA authorizes this 

information collection. See 29 U.S.C. 

1108(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 1210–0063. 

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 

December 31, 2013. 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 

May 22, 2013 (78 FR 30333). 

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 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– 

0063. 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: Prohibited 

Transaction Class Exemption 1992–6: 


emcdonald on DSK67QTVN1PROD with NOTICES
Federal Register / Vol. 78, No. 247 / Tuesday, December 24, 2013 / Notices 77717 

Sale of Individual Life Insurance or 

Annuity Contracts by a Plan. 

OMB Control Number: 1210–0063. 

Affected Public: Private Sector— 

businesses or other for-profits. 

Total Estimated Number of 

Respondents: 10,600. 

Total Estimated Number of 

Responses: 10,600. 

Total Estimated Annual Burden 

Hours: 2,100. 

Total Estimated Annual Other Costs 

Burden: $5,500. 

Dated: December 18, 2013. 

Michel Smyth, 

Departmental Clearance Officer. 

[FR Doc. 2013–30638 Filed 12–23–13; 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; 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), 44 U.S.C. 

3501 et seq. 

DATES: Submit comments on or before 

January 23, 2014. 

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 http://

www.reginfo.gov/public/do/

PRAViewICR?ref_nbr=201311-1210-004 

(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 sending an email 

to 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–EBSA, 

Office of Management and Budget, 

Room 10235, 725 17th Street NW., 

Washington, DC 20503; by Fax: 202– 

395–6881 (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. 

Authority: 44 U.S.C. 3507(a)(1)(D). 

SUPPLEMENTARY INFORMATION: This ICR 

seeks to maintain 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, has 

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. 

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 

December 31, 2013. 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 

May 22, 2013 (78 FR 3033). 

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 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 


emcdonald on DSK67QTVN1PROD with NOTICES