It’s no question that annual disclosures for defined contribution plans, specifically 401(k)s, need significant improvement to serve investors, advisors, and plan sponsors. Form 5500's current incompatibility with SEC filings leads to incomplete data on 401(k) investments. It also lacks crucial information on popular investments, such as collective investment trusts, and often provides inaccurate details on administrative and investment fees. 

These shortcomings hinder the ability to compare retirement plans' investment lineups and obscure the true costs involved. Improved disclosures would promote transparency, lower fees, and aid investors and advisors in making better decisions about rolling over retirement funds. 

Don't miss out on this opportunity to elevate your understanding of retirement plan disclosures. Download the "Retirement Plan Transparency" report today.