"ERISA helped the retirement plan industry evolve, but we have experienced great change since its enactment. Our demographics have shifted; our work environment has evolved from manufacturing to service-oriented businesses; our economy has suffered ups and downs; and business has truly gone global.... Did employers shift from traditional DB plans to DC plans because they could, or because they believed the increasingly complex regulatory and economic environment introduced by ERISA made it impossible to sustain the expenses of a pension plan? Did ERISA provisions enable employers to adapt to shifting employee demographics by adopting a 401(k) plan that would be accepted by employees and help stabilize employer costs?"  MORE >>