The Employee Benefits Security Administration is conducting a routine review of benefit plan annual return paperwork.
EBSA, an arm of the U.S. Labor Department, is one of three agencies that regularly use Form 5500 data. The others are the Pension Benefit Guaranty Corp. and the Internal Revenue Service.
The federal Paperwork Reduction Act requires agencies to assess data collection efforts. Office of Management and Budget approval for EBSA Form 500 data collection efforts is set to expire Sept. 30.