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
77718 Federal Register / Vol. 78, No. 247 / Tuesday, December 24, 2013 / Notices 

• 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: Default Investment 

Alternatives under Participant Directed 

Individual Account Plans. 

OMB Control Number: 1210–0132. 

Affected Public: Private Sector— 

businesses or other for-profits and notfor profit institutions. 

Total Estimated Number of 

Respondents: 239,000. 

Total Estimated Number of 

Responses: 31,100,000. 

Total Estimated Annual Burden 

Hours: 201,000. 

Total Estimated Annual Other Costs 

Burden: $10,800,000. 

Dated: December 13, 2013. 

Michel Smyth, 

Departmental Clearance Officer. 

[FR Doc. 2013–30634 Filed 12–23–13; 8:45 am] 

BILLING CODE 4510–29–P 

DEPARTMENT OF LABOR 

Employment and Training 

Administration 

Comment Request for Information 

Collection for Information Collection 

for the Data Validation Requirement for 

Employment and Training Programs; 

Extension Without Revisions 

AGENCY: Employment and Training 

Administration (ETA), Labor. 

ACTION: Notice. 

SUMMARY: The Department of Labor 

(Department), as part of its continuing 

effort to reduce paperwork and 

respondent burden, conducts a 

preclearance consultation program to 

provide the public and Federal agencies 

with an opportunity to comment on 

proposed and/or continuing collections 

of information in accordance with the 

Paperwork Reduction Act of 1995 [44 

U.S.C. 3506(c)(2)(A)]. This program 

helps ensure that requested data can be 

provided in the desired format, 

reporting burden (time and financial 

resources) is minimized, collection 

instruments are clearly understood, and 

the impact of collection requirements on 

respondents can be properly assessed. 

Currently, ETA is soliciting comments 

concerning the collection of data 

validation information for the following 

employment and training programs: 

Workforce Investment Act (WIA) Title 

IB, Wagner-Peyser, Trade Adjustment 

Assistance (TAA), National 

Farmworkers Jobs Program (NFJP), and 

Senior Community Service Employment 

Program (SCSEP). The current 

expiration date is May 31, 2014. 

Please note that the data submission 

processes within the new data 

validation software for Wagner-Peyser 

and WIA Title IB were implemented in 

Program Year (PY) 2012 and PY 2013 for 

reporting and the underlying data 

validation methodology is not being 

modified. However, the system is still 

coming online and the data element 

validation functionality in the new 

enterprise data validation and reporting 

system will not be implemented by the 

current expiration date for this data 

collection (May 31, 2014). ETA believes 

the software will be completed and 

states will have experience with using it 

by the end of 2014. At that time, ETA 

will report to the Office of Management 

and Budget (OMB) on the results, per 

the OMB Notice of Action in 2012 

approving the implementation of the 

software. 

DATES: Written comments must be 

submitted to the office listed in the 

addresses section below on or before 

February 24, 2014. 

ADDRESSES: Submit written comments 

to the U.S. Department of Labor, 

Employment and Training 

Administration, Office of Policy 

Development and Research, 200 

Constitution Avenue NW., Room N– 

5641, Washington, DC 20210, Attention: 

Karen A. Staha. Telephone number: 

(202) 693–2917 (this is not a toll-free 

number). Fax: (202) 693–3490. Email: 

staha.karen@dol.gov A copy of the 

proposed information collection request 

(ICR) can be obtained by contacting the 

person listed above. 

SUPPLEMENTARY INFORMATION: 

I. Background 

The accuracy and reliability of 

program reports submitted by States and 

grantees using Federal funds are 

fundamental elements of good public 

administration and are necessary tools 

for maintaining and demonstrating 

system integrity. States and grantees 

receiving funding under WIA Title IB, 

Wagner-Peyser Act, TAA, and the Older 

Americans Act are required to maintain 

and report accurate program and 

financial information (WIA section 185 

(29 U.S.C. 2935) and WIA Regulations 

20 CFR 667.300(e)(2); Wagner-Peyser 

Act section 10 (29 U.S.C. 49i), Older 

Americans Act section 503(f)(3) and (4) 

(42 U.S.C. 3056a(f)(3) and (4)), and TAA 

Regulations 20 CFR 617.57). 

Data Validation. The data validation 

requirement for employment and 

training programs strengthens the 

workforce system by ensuring that 

accurate and reliable information on 

program activities and outcomes is 

available. Data validation is intended to 

accomplish the following goals: 

• Ensure that critical performance 

data are valid and accurate. 

• Detect and identify specific 

problems with a State’s or grantee’s 

reporting processes, including the 

software used for compiling this 

information, to enable the State or 

grantee to correct any problems. 

• Help States and grantees analyze 

the causes of performance successes and 

failures by displaying participant data 

organized by performance outcomes. In 

addition, the process enables States and 

grantees to calculate error rates by 

means of randomly selected validation 

subsamples of the complete set of 

records. 

Data validation consists of two parts: 

1. Report validation ensures the 

validity of aggregate reports submitted 

to ETA by requiring that States use the 

data validation software to calculate the 

reports in a uniform and consistent 

manner. Report validation is conducted 

by processing each State’s complete file 

of participant records and automatically 

generating the reports submitted by the 

State or grantee. States and grantees are 

required to certify the accuracy of the 

reports generated by the software before 

they can be accepted by ETA. 

2. Data element validation assesses 

the accuracy of participant data records. 

Data element validation is conducted 

via comprehensive manual reviews of 

sampled participant records against 

source documentation in order to ensure 

accuracy and compliance with Federal 

definitions. 

II. Review Focus 

The Department is particularly 

interested in comments which: 

• 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; 

• Enhance the quality, utility, and 

clarity of the information to be 

collected; and 


emcdonald on DSK67QTVN1PROD with NOTICES