28 Mar 2025
📊DOL Notice on Trust REIT Shares Acquisition and Sale
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Acquisition and Sale of Trust Real Estate Investment Trust Shares by Individual Account Plans Sponsored by Trust Real Estate Investment Trusts
Summary
The Department of Labor (DOL) is submitting this Employee Benefits Security Administration (EBSA)-sponsored information collection request (ICR) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited.
Agencies
- Labor Department
Business Impact
$$ - Med
The regulatory text outlines compliance requirements for businesses involved in the acquisition and sale of Trust REIT shares by individual account pension plans. It indicates potential costs ($10,214) and time burdens (144 hours) for compliance, impacting financial planning for affected businesses.