# Proposed Collection; Comment Request for Revenue Ruling 98-30

> Briefs, arguments, decisions, and more.

URL: https://www.frixlaw.com/law-library/documents/fr%3A98-15344

## Record

- **Collection:** Federal Register
- **Document type:** Notice
- **Published:** June 10, 1998
- **Citation:** 63 FR 31835

## Text

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment Request for Revenue Ruling 98-30

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning
Revenue Ruling 98-30, Negative Election in a Section 401(k) Plan.

DATES: Written comments should be received on or before August 10, 1998
to be assured of consideration.

ADDRESSES: Direct all written comments to Garrick R. Shear, Internal
Revenue Service, room 5571, 1111 Constitution Avenue NW., Washington,
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the revenue ruling should be directed to Carol Savage, (202)
622-3945, Internal Revenue Service, room 5569, 1111 Constitution Avenue
NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:
Title: Negative Election in a Section 401(k) Plan.
OMB Number: 1545-1605.
Revenue Ruling Number: Revenue Ruling 98-30.
Abstract: Revenue Ruling 98-30 describes certain criteria that must
be met before an employee's compensation can be contributed to an
employer's section 401(k) plan in the absence of an affirmative
election by the employee. Generally, before an employer can
automatically include its employees in the employer's section 401(k)
plan, the employees must be notified by the employer that they can
elect out and they must be given a reasonable period in which to do so.
Current Actions: There are no changes being made to the revenue
ruling at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, and
not-for-profit institutions.
Estimated Number of Respondents: 1,000.
Estimated Time Per Respondent: 1 hour.
Estimated Total Annual Burden Hours: 1,000.
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number. Books or records
relating to a collection of information must be retained as long as
their contents may become material in the administration of any
internal revenue law. Generally, tax returns and tax return information
are confidential, as required by 26 U.S.C. 6103.

Request for Comments

Comments submitted in response to this notice will be summarized
and/or included in the request for OMB approval. All comments will
become a matter of public record. Comments are invited on: (a) Whether
the collection of information is necessary for the proper performance
of the functions of the agency, including whether the information shall
have practical utility; (b) the accuracy of the agency's estimate of
the burden of the collection of information; (c) ways to enhance the
quality, utility, and clarity of the information to be collected; (d)
ways to minimize the burden of the collection of information on
respondents, including through the use of automated collection
techniques or other forms of information technology; and (e) estimates
of capital or start-up costs and costs of operation, maintenance, and
purchase of services to provide information.

Approved: June 3, 1998.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 98-15344 Filed 6-9-98; 8:45 am]
BILLING CODE 4830-01-U

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/documents/fr%3A98-15344. Public record. Not legal advice.