"On every front where ... advocates are working to build a system for a workforce that ranges from housekeepers and waitresses to professionals and entrepreneurs, the financial services industry has been hard at work to suppress it.... But despite aggressive attempts to beat back state bill sponsors, the industry has had to come to grips with the growing possibility of a patchwork of new retirement plans that could require it to comply with as many as 50 different sets of rules and regulations. As challenging as that might be, the biggest fears among financial services providers are that the new state plans will disintermediate their business model."