I admit it.  I am a blogging virgin.  This is my first time, but I think I’m going to like it.

As an industry, we have done a horrible job of ensuring that 401k participants will have sufficient savings to generate the income they’ll need in retirement.

401k plans, when first conceived, were intended to supplement employee pension plans (otherwise known as DB plans – for dying breed).  In years past, where DB plans were frozen and replaced by 401k, employers offered a generous match.  But, faced with a tough economy and rising health insurance costs, many have now foregone or skinnied-down their match or profit-sharing contribution.

401k (and other DC) plan participants now bear much greater responsibility for ensuring they have sufficient retirement savings.  Too many are ill-informed and ill-equipped.  Plan sponsors and advisors bear fiduciary responsibility here.

My goal in this blog is to foster discussion of new approaches to improving retirement plans and plan participant results.   Please share your ideas and feedback.