30 Apr 2025
📄DOL Notice on Information Collection for Prohibited Transaction Exemptions
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Prohibited Transaction Class Exemptions for Multiple Employer Plans and Multiple Employer Apprenticeship Plans-PTE 1976-1, PTE 1977-10, PTE 1978-6
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
$$$ - High
The document outlines the Department of Labor's information collection request related to prohibited transaction class exemptions for multiple employer plans. This impacts compliance and regulatory requirements for businesses, particularly those involved in multiemployer plans and apprenticeships, necessitating necessary recordkeeping and disclosures.