1 rich Libsyn https://www.libsyn.com 90 600 The defined contribution retirement savings plan is now the preeminent savings vehicle for working Americans. DOL data tells us that two-thirds of all full-time civilian workers have access to a defined contribution plan at work, and 72 percent of those individuals participate in the plan, adding up to nearly 100 million participants nationwide. It accounts for, conservatively, more than $10 trillion in retirement assets. &amp;nbsp; The most common and well-known type of defined contribution arrangement is the 401(k) plan, which celebrates its 40th anniversary this year. But just because a guy happens to be the putative “father of the 401(k),” that doesn’t mean he’s averse to issuing a little constructive criticism. R. Theodore “Ted” Benna, is a consultant, an innovator and an author, and in his new book,&amp;nbsp;401(k), 40 years later&amp;nbsp;– and this episode of the American Benefits Podcast – he talks candidly about the promise and the problems with today’s retirement system. American Benefits Podcast http://americanbenefitspodcast.libsyn.com <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/7003297/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/item/7003297