> I'd love to see "full-service" 401k plans, where employees are forced to contribute at least X% of their income, and all of it is managed by the equivalent of

> I'd love to see "full-service" 401k plans, where employees are forced to contribute at least X% of their income, and all of it is managed by the equivalent of a pension-fund-manager (ideally, invested into low-cost diversified index funds) My employer does something like this. They put money (3% of my salary) into a 401k for me regardless of my own contribution, so I have no option of not saving at least that much (although I still save additional money, because 3% is not really enough). This defaults into a low-cost index fund. However, I still have the option of transferring the 401k to another fund; but I suspect that most people would stick with the default instead of trying to change the investment.