(Editor's note: Part two of our look ahead focuses on next year's efforts to better engage, involve and properly oversee the investments of participants. See part one for a legislative overview of the legal issues likely to impact the industry in 2013.)

Chad Parks, president and CEO of The Online 401(k), believes there are six obstacles that need to be overcome for greater retirement savings success. He is hoping 2013 will bring some solutions, either in the industry itself or legislatively, to make that happen.

The biggest obstacle is coverage. How many people have access to retirement savings at work? The most recent U.S. Census Bureau data showed that 92 percent of companies with between two and 20 employees do not offer a retirement savings plan to workers. That equates to about 4 million businesses and 30 million workers who don't have the ability to save, Parks said.

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