Retirement savings took a beating in the downturn, leaving many in what is understandably a state of high anxiety about the best ways to ensure everyone gets the most they can out of the 401(k).
Over the last several years, measures such as auto-enrollment and auto-escalation of employee contributions have helped. Yet while these measures have proven effective, industry experts say more must be done and, specifically, that adoption of many of these features by plan sponsors remains too low.
It doesn't help when attention-grabbing authors such as Helaine Olen in her book, "Pound Foolish: Exposing the Dark Side of the Personal Finance Industry" pronounce the shift from defined benefit to defined contribution programs a disaster for the American saver.
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