21 Jul 2025
📄Discontinuance of Information Collection Regulation and Business Impact
Agency Information Collection Activities; Notification of Public
Summary
The Department of Labor (the Department), in accordance with the Paperwork Reduction Act, is providing the general public and Federal agencies with notice of the discontinuance of a collection of information under control number 1210-0114, "Plan Assets"--Insurance Company General Accounts.
Agencies
- Labor Department
- Employee Benefits Security Administration
Business Impact
$$ - Med
The discontinuance of the information collection requirements (29 CFR 2550.401c-1) will reduce the compliance burden on businesses, specifically insurers involved with transition policies for employee benefit plans. This change potentially lowers the time and financial costs associated with fulfilling these regulatory requirements, thus impacting overall operational efficiency.