Federal Register #12100076

Department of Labor Requests Public Comment on Plan Participant Loans Regulation Information Collection

This opportunity involves a Department of Labor (DOL) request for public comment on an information collection related to plan participant loans regulation. - Government Buyer: - Department of Labor (DOL) - Office of Management and Budget (OMB) involved in review - No OEMs or vendors are mentioned, as this is not a procurement for products or services - Products/Services Requested: - No products or services are being requested; this is a regulatory information collection activity - Unique/Notable Requirements: - Focus on compliance with ERISA provisions for plan loans - Ensures reasonable interest rates, adequate security, and adherence to regulatory provisions - Public input is sought on the necessity, burden, and methodology of the information collection - No contract value, period of performance, or line items, as this is not a procurement action

Description

The Department of Labor is submitting an information collection request to the Office of Management and Budget for review and approval related to loans to plan participants and beneficiaries who are parties in interest with respect to the plan regulation. The collection involves ensuring that loans meet specific regulatory provisions including reasonable interest rates and adequate security. Public comments on the information collection are invited and must be received by July 31, 2026. The collection aims to ensure compliance with ERISA provisions regarding plan loans.

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