there was a special on one of the financial channels a while back. apparently, when employers began changing from offering 401Ks in lieu of PENSIONS, it saved them a bundle. and, as usual, the worker bees got screwed. then, they set up the 401K's to be managed by also rans. met a man last year who was down $125K in his 401K.

he looked like he needed a stiff drink.