The Department of Labor, as part of its continuing effort to reduce paperwork and respondent burden, conducts a preclearance consultation Start Printed Page 46548program to provide the general 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 (PRA95) (44 U.S.C. 3506(c)(2)(A)). This program helps to 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, the Employment Standards Administration is soliciting comments concerning the proposed collection: Requirements of a Bona Fide Thrift or Savings Plan (29 CFR part 547) and Requirements of a Bona Fide Profit-Sharing Plan or Trust (29 CFR part 549). A copy of the proposed information collection request can be obtained by contacting the office listed below in the ADDRESSES section of this notice.
Written comments must be submitted to the office listed in the ADDRESSES section below on or before October 11, 2005.
Ms. Hazel M. Bell, U.S. Department of Labor, 200 Constitution Ave., NW., Room S-3201, Washington, DC 20210, telephone (202) 693-0418, fax (202) 693-1451, e-mail email@example.com. Please use only one method of transmission for comments (mail, fax, or e-mail).End Preamble Start Supplemental Information
Section 7(e)(3)(b) of the Fair Labor Standards Act permits the exclusion from an employee's regular rate of pay, payments on behalf of an employee to a “bona fide” thrift or savings plan, profit-sharing plan or trust. Regulations, 29 CFR Parts 547 and 549 set forth the requirements for a “bona fide” thrift or savings plan, profit-sharing plan or trust. The maintenance of the records required by the regulations enables the Department of Labor (DOL) investigators to determine whether a given thrift or savings plan, profit-sharing plan or trust, is in compliance with Section 7(e)(3)(b) of the FLSA. Without these records, such a determination could not be made. This information collection is currently approved for use through March 31, 2006.
II. Review Focus
The Department of Labor 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; 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 submissions of responses.
III. Current Actions
The Department of Labor seeks the extension of approval to collect this information in order to determine whether a given thrift or savings plan or profit-sharing plan or trust is in compliance with section (7)(e)(3)(b) of the FLSA.
Type of Review: Extension.
Agency: Employment Standards Administration.
OMB Number: 1215-0119.
Frequency: On occasion.
Affected Public: Business or other for-profit; not-for-profit institutions; farms; State, local, or tribal government.
Total Respondents: 716,000.
Total Annual Responses: 716,000.
Estimated Total Burden Hours (Recordkeeping): 2.
Total Burden Cost (capital/startup): $0.
Total Burden Cost (operating/maintenance): $0.
Comments submitted in response to this notice will be summarized and/or included in the request for Office of Management and Budget approval of the information collection request; they will also become a matter of public record.Start Signature
Dated: August 4, 2005.
Acting Chief, Branch of Management Review and Internal Control, Division of Financial Management, Office of Management, Administration and Planning, Employment Standards Administration.
[FR Doc. 05-15780 Filed 8-9-05; 8:45 am]
BILLING CODE 4510-27-P