LAS VEGAS—Are 401(k) plans a failed experiment? It's probably a fair question, generally speaking, but an odd one at a trade show dedicated solely to the retirement product.

But that's a question a group of panelists tackled here Sunday afternoon, answering with a resounding no, albeit with more than a few caveats.

The retirement staple has taken a lot of heat over the last few years, ever since the market crashed back in 2007, followed by a recovery that's still stumbling along.

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