Federal Register / Vol. 87, No. 36 / Wednesday, February 23, 2022 / Notices 10251 

permits private-sector pension plans 

and the Federal Thrift Savings Plan to 

invest plan assets in certain types of 

investment funds that participate in 

passive or model-driven ‘‘cross-trading’’ 

(purchase and sale of securities) 

programs pursuant to objective criteria 

specified in the exemption. Cross-trades 

occur whenever a manager causes the 

purchase and sale of a particular 

security to be made directly between 

two or more investment funds under 

his/her management. If one or both of 

the funds contain invested assets of a 

pension plan, the cross-trade could 

constitute a prohibited transaction, in 

the absence of the exemption. For 

additional substantive information 

about this ICR, see the related notice 

published in the Federal Register on 

November 9, 2021 (86 FR 62208). 

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) 

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: Cross-Trades of 

Securities by Index and Model-Driven 

Funds; Prohibited Transaction Class 

Exemption 2002–12. 

OMB Control Number: 1210–0115. 

Affected Public: Private Sector— 

Businesses or other for-profits. 

Total Estimated Number of 

Respondents: 60. 

Total Estimated Number of 

Responses: 840. 

Total Estimated Annual Time Burden: 

855 hours. 

Total Estimated Annual Other Costs 

Burden: $1,290. 

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

Dated: February 15, 2022. 

Mara Blumenthal, 

Senior PRA Analyst. 

[FR Doc. 2022–03754 Filed 2–22–22; 8:45 am] 

BILLING CODE 4510–29–P 

DEPARTMENT OF LABOR 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; Definition 

of Plan Assets—Participant 

Contributions 

ACTION: Notice of availability; request 

for comments. 

SUMMARY: The Department of Labor 

(DOL) is submitting this Employee 

Benefits Security Administration 

(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 the agency 

receives on or before March 25, 2022. 

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 DOL_PRA_

PUBLIC@dol.gov. 

SUPPLEMENTARY INFORMATION: The 

Department’s regulation at 29 CFR 

2510.3–102 states that monies that a 

participant pays to, or has withheld by, 

an employer for contribution to an 

employee benefit plan become ‘‘plan 

assets’’ for purposes of Title I of ERISA 

and the related prohibited transaction 

provisions of the Internal Revenue Code 

(the Code) as of the earliest date on 

which such monies can be reasonably 

segregated from the employer’s general 

assets. The regulation includes a 

procedure through which an employer 

receiving or withholding participant 

contributions for an employee pension 

benefit plan may obtain a 10-businessday extension of the 15-day maximum 

time period if certain requirements, 

including information collection 

requirements, are met. For additional 

substantive information about this ICR, 

see the related notice published in the 

Federal Register on November 9, 2021 

(86 FR 62208). 

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) 

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: Definition of Plan 

Assets—Participant Contributions. 

OMB Control Number: 1210–0100. 

Affected Public: Private Sector— 

Businesses or other for-profits. 

Total Estimated Number of 

Respondents: 251. 

Total Estimated Number of 

Responses: 251. 

Total Estimated Annual Time Burden: 

8 hours. 

Total Estimated Annual Other Costs 

Burden: $1,685. 

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

Dated: February 15, 2022. 

Mara Blumenthal, 

Senior PRA Analyst. 

[FR Doc. 2022–03752 Filed 2–22–22; 8:45 am] 

BILLING CODE 4510–29–P 


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