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'Flawed' 401(k) Laws Putting Retirement at Risk
ConsumerAffairs.com 
Oct. 30, 2008
Excerpt: 'People mistakenly think they have an employer pension plan and don't understand that their retirement income, other than Social Security, is in very serious jeopardy right now,' said [Law professor Richard L.] Kaplan, who wrote a 2004 article on the risks of 401(k) plans that appeared in the Arizona Law Review. He argues that Congress should rewrite laws to allow 401(k) programs only in concert with defined-benefit pensions, even if it means more companies join the roughly half of U.S. employers that offer no retirement savings plan.
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