Federal Register #2026-06510

Request for Public Comments on Information Collection for Sale of Life Insurance or Annuity Contracts by Employee Benefit Plans

The Department of Labor's Employee Benefits Security Administration (EBSA) is seeking public comments on an information collection related to the sale of individual life insurance or annuity contracts by employee benefit plans. - Government Buyer: - United States Department of Labor - Employee Benefits Security Administration (EBSA) - Purpose: - Request for public feedback on the necessity, accuracy, and burden of information collection under Prohibited Transaction Class Exemption 1992-6 - Focuses on sales of life insurance or annuity contracts by employee benefit plans to participants, relatives, employers, other plans, and trusts - No specific products, OEMs, vendors, part numbers, or purchase quantities are identified - This is not a procurement of goods or services, but a request for information collection activities - Unique Requirements: - Comments are sought as part of compliance with the Paperwork Reduction Act - The exemption applies only under specified conditions for such sales

Description

The Department of Labor is requesting public comments on an information collection request related to the sale of individual life insurance or annuity contracts by employee benefit plans. This notice invites comments on the necessity, accuracy, and burden of the information collection, which is subject to the Paperwork Reduction Act. Comments must be received by May 4, 2026. The exemption allows certain sales of these contracts under specified conditions to plan participants, relatives, employers, other plans, and trusts.

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