[Federal Register Volume 63, Number 113 (Friday, June 12, 1998)]
[Notices]
[Page 32282]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-15729]
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DEPARTMENT OF THE TREASURY
Submission to OMB for Review; Comment Request
May 29, 1998.
The Department of Treasury has submitted the following public
information collection requirement(s) to OMB for review and clearance
under the Paperwork Reduction Act of 1995, Public Law 104-13. Copies of
the submission(s) may be obtained by calling the Treasury Bureau
Clearance Officer listed. Comments regarding this information
collection should be addressed to the OMB reviewer listed and to the
Treasury Department Clearance Officer, Department of the Treasury, Room
2110, 1425 New York Avenue, NW., Washington, DC 20220.
DATES: Written comments should be received on or before July 13, 1998
to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0197.
Form Number: IRS Form 5300 and Schedule Q (Form 5300).
Type of Review: Extension.
Title: Application for Determination for Employee Benefit Plan
(5300); and Nondiscrimination Requirements (Schedule Q).
Description: IRS needs certain information on the financing and
operating of employee benefit and employee contribution plans set up by
employers. IRS uses Form 5300 to obtain the information needed to
determine whether the plans qualify under Code sections 401(a) and
501(a). Schedule Q provides information related to the manner in which
a plan satisfies certain qualification requirements relating to minimum
participation, coverage, and nondiscrimination.
Respondents: Business or other for-profit, Individuals or
households.
Estimated Number of Respondents/Recordkeepers: 300,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
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Form 5300 Schedule Q
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Recordkeeping......................... 11 hr., 0 min...................... 25 hr., 7 min.
Learning about the law or the form.... 5 hr., 1 min....................... 10 hr., 53 min.
Preparing the form.................... 7 hr., 16 min...................... 21 hr., 8 min.
Copying, assembling and sending the 32 min ...................................
form to the IRS.
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Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 10,457,200 hours.
Clearance Officer: Garrick Shear (202) 622-3869, Internal Revenue
Service, Room 5571, 1111 Constitution Avenue, NW, Washington, DC 20224.
OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of
Management and Budget, Room 10226, New Executive Office Building,
Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 98-15729 Filed 6-11-98; 8:45 am]
BILLING CODE 4830-01-P
