Federal Register / Vol. 74, No. 98 / Friday, May 22, 2009 / Notices 24051 

DATES: Effective Date: 05/15/2009. 

Physical Loan Application Deadline 

Date: 06/09/2009. 

EIDL Loan Application Deadline Date: 

01/11/2010. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street, SW., Suite 6050, 

Washington, DC 20416. 

SUPPLEMENTARY INFORMATION: The notice 

of the Presidential disaster declaration 

for the State of North Dakota, dated 04/ 

10/2009 is hereby amended to include 

the following areas as adversely affected 

by the disaster: 

Primary Counties: (Physical Damage 

and Economic Injury Loans): 

Benson, Cavalier, Eddy, Mclean, 

Pembina, Rolette, Wells. 

Contiguous Counties: (Economic Injury 

Loans Only): 

Minnesota: Kittson. 

All other information in the original 

declaration remains unchanged. 

(Catalog of Federal Domestic Assistance 

Numbers 59002 and 59008) 

Roger B. Garland, 

Acting Associate Administrator for Disaster 

Assistance. 

[FR Doc. E9–11976 Filed 5–21–09; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration # 11750 and # 11751] 

West Virginia Disaster # WV–00012 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a Notice of the 

Presidential declaration of a major 

disaster for the State of West Virginia 

(FEMA–1838–DR), dated 05/15/2009. 

Incident: Severe storms, flooding, 

mudslides, and landslides. 

Incident Period: 05/03/2009 and 

continuing. 

Effective Date: 05/15/2009. 

Physical Loan Application Deadline 

Date: 07/14/2009. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 02/15/2010. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street, SW., Suite 6050, 

Washington, DC 20416. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

President’s major disaster declaration on 

05/15/2009, applications for disaster 

loans may be filed at the address listed 

above or other locally announced 

locations. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties (Physical Damage and 

Economic Injury Loans): Mingo, 

Wyoming. 

Contiguous Counties (Economic Injury 

Loans Only): 

West Virginia: Boone, Lincoln, Logan, 

McDowell, Mercer, Raleigh, Wayne. 

Kentucky: Martin, Pike. 

Virginia: Buchanan. 

The Interest Rates are: 

Percent 

For Physical Damage: 

Homeowners With Credit Available Elsewhere ......................... 4.875 

Homeowners Without Credit 

Available Elsewhere .................. 2.437 

Businesses With Credit Available 

Elsewhere ................................. 6.000 

Other (Including Non-Profit Organizations) With Credit Available 

Elsewhere ................................. 4.500 

Businesses and Non-Profit Organizations Without Credit Available Elsewhere ......................... 4.000 

For Economic Injury: 

Businesses & Small Agricultural 

Cooperatives Without Credit 

Available Elsewhere .................. 4.000 

The number assigned to this disaster 

for physical damage is 117506 and for 

economic injury is 117510. 

(Catalog of Federal Domestic Assistance 

Numbers 59002 and 59008) 

Roger B. Garland, 

Acting Associate Administrator for Disaster 

Assistance. 

[FR Doc. E9–11980 Filed 5–21–09; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration # 11752 and # 11753] 

West Virginia Disaster #WV–00013 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a Notice of the 

Presidential declaration of a major 

disaster for Public Assistance Only for 

the State of West Virginia (FEMA–1838– 

DR), dated 05/15/2009. 

Incident: Severe storms, flooding, 

mudslides, and landslides. 

Incident Period: 05/03/2009 and 

continuing. 

Effective Date: 05/15/2009. 

Physical Loan Application Deadline 

Date: 07/14/2009. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 02/15/2010. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street, SW., Suite 6050, 

Washington, DC 20416. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

President’s major disaster declaration on 

05/15/2009, Private Non-Profit 

organizations that provide essential 

services of governmental nature may file 

disaster loan applications at the address 

listed above or other locally announced 

locations. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties: 

Mingo, Wyoming. 

The Interest Rates are: 

Percent 

Other (Including Non-Profit Organizations) With Credit Available 

Elsewhere ................................. 4.500. 

Businesses and Non-Profit Organizations Without Credit Available Elsewhere ......................... 4.000. 

The number assigned to this disaster 

for physical damage is 117526 and for 

economic injury is 117536. 

(Catalog of Federal Domestic Assistance 

Numbers 59002 and 59008) 

Roger B. Garland, 

Acting Associate Administrator for Disaster 

Assistance. 

[FR Doc. E9–11979 Filed 5–21–09; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration # 11754 and # 11755] 

Tennessee Disaster #TN–00027 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a Notice of the 

Presidential declaration of a major 

disaster for Public Assistance Only for 


erowe on PROD1PC63 with NOTICES
24052 Federal Register / Vol. 74, No. 98 / Friday, May 22, 2009 / Notices 

1Employee Benefits Research Institute Issue Brief 

#327, March 2009. 

2See 2008 ERISA Advisory Council Working 

Group Report on Hard to Value Assets and Target 

Date Funds, found at: http://www.dol.gov/ebsa/ 

publications/2008ACreport1.html. 

3The Committee held a related hearing on 

February 25, 2009. See: http://aging.senate.gov/ 

hearing_detail.cfm?id=309027&. 

the State of Tennessee (FEMA–1839– 

DR), dated 05/15/2009. 

Incident: Severe storms, tornadoes, 

and flooding. 

Incident Period: 04/10/2009. 

Effective Date: 05/15/2009. 

Physical Loan Application Deadline 

Date: 07/14/2009. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 02/15/2010. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street, SW., Suite 6050, 

Washington, DC 20416. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

President’s major disaster declaration on 

05/15/2009, Private Non-Profit 

organizations that provide essential 

services of governmental nature may file 

disaster loan applications at the address 

listed above or other locally announced 

locations. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties: 

Benton, McMinn, Rutherford, 

Sequatchie. 

The Interest Rates are: 

Percent 

Other (Including Non-Profit 

Organizations) With Credit 

Available Elsewhere .......... 4.500. 

Businesses and Non-Profit 

Organizations Without 

Credit Available Elsewhere 4.000. 

The number assigned to this disaster 

for physical damage is 11754B and for 

economic injury is 11755B. 

(Catalog of Federal Domestic Assistance 

Numbers 59002 and 59008) 

Roger B. Garland, 

Acting Associate Administrator for Disaster 

Assistance. 

[FR Doc. E9–11978 Filed 5–21–09; 8:45 am] 

BILLING CODE 8025–01–P 

DEPARTMENT OF LABOR 

Employee Benefits Security 

Administration 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. IC–28725; File No. 4–582] 

Hearing on Target Date Funds and 

Similar Investment Options 

AGENCIES: Employee Benefits Security 

Administration, U.S. Department of 

Labor (‘‘Department’’) and Securities 

and Exchange Commission 

(‘‘Commission’’) (each, an ‘‘Agency,’’ 

collectively, the ‘‘Agencies’’). 

ACTION: Notice of hearing. 

SUMMARY: Notice is hereby given that 

the Department of Labor and the 

Securities and Exchange Commission 

will hold a joint one-day hearing on 

issues relating to investments in target 

date funds and similar investment 

options by 401(k) plan participants and 

other investors. 

DATES: The one-day hearing will be held 

on June 18, 2009, beginning at 9 a.m., 

EST. 

ADDRESSES: The hearing will be held at 

the U.S. Department of Labor, 200 

Constitution Avenue, NW., Washington, 

DC 20210. 

FOR FURTHER INFORMATION CONTACT: Fred 

J. Wong, Office of Regulations and 

Interpretations, Employee Benefits 

Security Administration, U.S. 

Department of Labor, at (202) 693–8500, 

or Tara R. Buckley, Office of Chief 

Counsel, Division of Investment 

Management, U.S. Securities and 

Exchange Commission, at (202) 551– 

6825. These are not toll-free numbers. 

SUPPLEMENTARY INFORMATION: ‘‘Target 

date’’ or ‘‘lifecycle’’ funds and other 

similar investment options (‘‘TDFs’’) are 

investment products that allocate their 

investments among various asset classes 

and automatically shift that allocation to 

more conservative investments as a 

‘‘target’’ date approaches. This shift in 

asset allocation, often referred to as a 

fund’s ‘‘glide path,’’ may differ 

significantly among funds with the same 

target date. Recent studies suggest that 

TDFs are becoming more common as 

investment options in participantdirected retirement plans, such as 

401(k) plans.1 The growing popularity 

of TDFs has focused attention on issues 

relating to the design, operation and 

selection of TDFs as investment options. 

The designation of investment options 

to be made available under a privatesector retirement plan is governed by 

the fiduciary responsibility provisions 

of the Employee Retirement Income 

Security Act of 1974 (‘‘ERISA’’). Persons 

with this responsibility must prudently 

select and monitor those investment 

options. 

The Department’s 2008 ERISA 

Advisory Council studied several 

aspects of TDFs as 401(k) plan 

investment options, including the 

challenges and risks they may pose to 

plan fiduciaries and to participants who 

invest in TDFs, the different types of 

TDFs, and appropriate criteria for 

adopting and monitoring them. In its 

2008 report to the Secretary of Labor, 

the Advisory Council recommended 

that the Department provide additional 

guidance to plan fiduciaries on the 

selection and monitoring of TDFs. The 

Advisory Council also called for the 

development of participant education 

materials and illustrations to enhance 

awareness of the value and the risks 

associated with these investments.2

The U.S. Senate Special Committee 

on Aging recently began an 

investigation of certain TDFs marketed 

to 401(k) plans. In preliminary findings 

shared with the Agencies, the 

Committee found a wide range of 

objectives, portfolio compositions, and 

risks among same-year TDFs. The 

Committee expressed concern that, 

given these variations, some investors 

may be investing in TDFs without being 

aware of the financial risk. The 

Committee therefore urged the Agencies 

to commence a review of TDFs.3

In view of the importance of these 

issues for the retirement savings of 

investors, the Department and the 

Commission have decided to hold a 

public hearing. The primary purpose of 

this hearing is to determine if additional 

guidance by either Agency would be 

helpful. The Agencies are specifically 

interested in obtaining information on: 

• How TDF managers determine asset 

allocations and changes to asset 

allocations (including glide paths) over 

the course of a TDF’s operation; 

• How they select and monitor 

underlying investments; 

• How the foregoing, and related 

risks, are disclosed to investors; and 

• The approaches or factors for 

comparing and evaluating TDFs. 

The hearing will be held on June 18, 

2009, beginning at 9 a.m. and ending at 


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