"Harkin disputed that 401(k)s were really retirement plans in the first place, calling them 'savings plans' and saying that they were never intended to replace pensions. He said he does not mean to replace pensions and 401(k)s, but rather to provide something for those who lack access to them.... Just offering any 401(k) will not be enough to relieve an employer of the requirement to provide access to a USA Retirement Fund account, a fact Harkin did not discuss at the press conference. An employer-provided 401(k) must include automatic enrollment and a lifetime income option, and if it does not, an employer must change its plan so it does so. If they do not, they would have to participate in the USA Retirement Fund."