14 Apr 2025
📄DOL Notice on Settlement Agreements and Information Collection
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Settlement Agreements Between a Plan and a Party in Interest
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 document outlines compliance and regulatory requirements pertaining to settlement agreements in employee benefit plans, which impact businesses involved in negotiations or disputes regarding such plans. Companies must provide notice and maintain specific records, indicating significant compliance responsibilities.