14 Mar 2025
📊DOL Notice on PTE 1990-1 Information Collection Request
Agency Information Collection Activities; Submission for OMB Review; Comment Request; PTE 1990-1; Insurance Company Pooled Separate Accounts
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 content discusses a notice related to the Department of Labor's information collection request linked to Prohibited Transaction Exemption (PTE) 1990-1, which has implications for businesses dealing with insurance company pooled separate accounts. Compliance with these regulations requires that businesses keep records for audit purposes, affecting operational costs and reporting requirements.