Check this interview out with Brooks Hamilton. He is the founder of Brooks Hamilton and Partners. In this interview he reveals some MAJOR CONCERNS with the 401k type plan..click here One of the major points is that these experts state that you need to contribute at LEAST 18% of their annual salary for 30 plus years to have enough to retire. Most people invest into their retirement plan 1/3 of that amount. The other point is after the passing of ERISA in 1974, the shift in responsibility from the Employer to the Employee. This turned into major cost savings for the employer, but the financially uneducated employee is now making MAJOR financial decisions.
Brooks is also featured in this video clip which discusses "Can you Afford to Retire?" This video explores more in greater detail the major problems facing people who use the 401k plans.