The association says that the new report doesnt call out individual employers but still uses five-year-old data that doesnt take into consideration how far fees have come down since 2009.

Low interest rates, extreme market volatility and the negative impact fixed withdrawals had on shrinking account balances in the wake of the 2008 financial crisis have forced the industry to take another look.

The United States received a final combined score of 73 percent, while the worlds top-ranked country had a final combined score of 84 percent.

Companies used upwards of 10 pages of their 10-Ks talking about their DB plans, whereas only a sentence or two were dedicated to discussing their defined contribution plans.

The growth underscores the growing demand for professional investment services among workplace savings accounts, such as 401(k) plans.

Companies that sponsor 403(b) and 401(k) plans, who partner with a professional retirement plan advisor, see higher participant outcomes, according to a survey by the Retirement Advisor Council.

The panel has been convened by the Society of Actuaries to assess the current state of pension plan funding and make recommendations to improve the financial strength of public pension going forward.

One-third of survey participants said they were meeting their savings goals but 63 percent said they were making only fair or no progress in this area.