The Missing Participants Program is a
program to hold retirement benefits for missing participants and
beneficiaries in terminated retirement plans and help them find and
receive the benefits being held for them. The program covers
single-employer defined benefit plans covered by title IV of ERISA;
defined contribution plans; certain small plans of professional
service employers; and multiemployer plans covered by title
IV.
In the final rule published on
August 15, 2025, PBGC made changes to the forms and instructions
related to the Missing Participants Program. However, the changes
to these materials do not create any additional burden. For
calendar years 2026-2028, PBGC determined that there will be a
decrease in the expected number of total Missing Participants
Program filings from 345 to 340. The decrease in the expected
number of filings results in a decrease in the estimated total
annual hour burden from 70 to 68 hours and a decrease in the
estimated total annual cost burden from $497,835 to $490,620.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.