Federal Register / Vol. 82, No. 155 / Monday, August 14, 2017 / Notices 37987 

e.g., by permitting electronic 

submissions of responses. 

Comments submitted in response to 

this notice will be summarized and/or 

included in the ICR for OMB approval 

of the extension of the information 

collection; they will also become a 

matter of public record. 

Approved: August 8, 2017. 

R. Joseph Durbala, 

IRS Tax Analyst. 

[FR Doc. 2017–17139 Filed 8–11–17; 8:45 am] 

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DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Regulation Project 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Internal Revenue Service, 

as part of its continuing effort to reduce 

paperwork and respondent burden, 

invites the general public and other 

Federal agencies to take this 

opportunity to comment on continuing 

information collections, as required by 

the Paperwork Reduction Act of 1995. 

The IRS is soliciting comments 

concerning suspension or reduction of 

safe harbor nonelective contributions. 

DATES: Written comments should be 

received on or before October 13, 2017 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to L. Brimmer, Internal Revenue 

Service, room 6529, 1111 Constitution 

Avenue NW., Washington, DC 20224. 

Requests for additional information or 

copies of the regulations should be 

directed to Kerry Dennis, Internal 

Revenue Service, Room 6529, 1111 

Constitution Avenue NW., Washington 

DC 20224, or through the internet, at 

Kerry.Dennis@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Suspension or Reduction of Safe 

Harbor Nonelective Contributions. 

OMB Number: 1545–2191. 

Regulation Project Number: T.D. 9641. 

Abstract: The final regulation allows 

a 401(k) plan using the safe harbor 

provisions of section 401(k)(12) to 

suspend or reduce nonelective safe 

harbor contributions if the employer is 

operating at an economic loss described 

in section 412(2)(A). The final 

regulations permit an employer to 

reduce or suspend safe harbor 

nonelective contributions without 

regard to the financial condition of the 

employer if notice is provided to 

participants before the beginning of the 

plan year which discloses the 

possibility that the contributions might 

be reduced or suspended midyear. The 

final regulations also permit matching 

contributions to be reduced or 

suspended under a mid-year 

amendment if the notice provided to 

participants before the beginning of the 

plan year discloses that the 

contributions might be reduced or 

suspended mid-year. These notices 

must also provide that a supplemental 

notice will be provided to plan 

participants if a reduction or suspension 

does occur and that the reduction or 

suspension will not apply until at least 

30 days after the supplemental notice is 

provided. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals and 

Households, Businesses and other forprofit organizations. 

Estimated Number of Respondents: 

5,000. 

Estimated Time per Respondent: 2 

hours. 

Estimated Total Annual Burden 

Hours: 10,000. 

The following paragraph applies to all 

of the collections of information covered 

by this notice. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a collection 

of information must be retained as long 

as their contents may become material 

in the administration of any internal 

revenue law. Generally, tax returns and 

tax return information are confidential, 

as required by 26 U.S.C. 6103. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB approval. All 

comments will become a matter of 

public record. Comments are invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information shall have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden of the collection of 

information; (c) ways to enhance the 

quality, utility, and clarity of the 

information to be collected; (d) ways to 

minimize the burden of the collection of 

information on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology; and (e) estimates of capital 

or start-up costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Approved: August 7, 2017. 

L. Brimmer, 

Senior Tax Analyst. 

[FR Doc. 2017–17136 Filed 8–11–17; 8:45 am] 

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