To improve the "usefulness, reliability and comparability" of Form 5500 data, the GAO recommended the secretaries of DOL and Treasury, and the director of PBGC consider the following:
• revise Schedule H plan asset categories to better match current investment vehicles and provide more transparency into plan investments;
• revise the Schedule of Assets attachments to create a standard searchable format;
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
