Advisory Council Report on Mandated Disclosures

This document is about the 2017 ERISA Advisory Council's examination of how to streamline the content and make the delivery and availability of mandatory retirement disclosures more practical and effective. The Council focused on identifying concrete examples of improvements to the design and delivery of specific disclosures that could be applied in practice, with key principles that could be carried forward into future disclosures as they are developed. The report provides recommendations for the Summary Plan Description, Annual Funding Notice, and Summary Annual Report to improve their usability and function for both participants and sponsors.