{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Episode 24: "Father of the 401(k)" on the Promise and Problems of Today's Retirement System","description":"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.   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 \u201cfather of the 401(k),\u201d that doesn\u2019t mean he\u2019s averse to issuing a little constructive criticism. R. Theodore \u201cTed\u201d Benna, is a consultant, an innovator and an author, and in his new book, 401(k), 40 years later \u2013 and this episode of the American Benefits Podcast \u2013 he talks candidly about the promise and the problems with today\u2019s retirement system. ","author_name":"American Benefits Podcast","author_url":"http:\/\/americanbenefitspodcast.libsyn.com","html":"