The average 401k holder knows that it's a tax advantaged savings vehicle and that there aren't many of those available to individual investors. The tax advanta

The average 401k holder knows that it's a tax advantaged savings vehicle and that there aren't many of those available to individual investors. The tax advantage completely outweighs all of the negatives that you listed in almost all cases. Advocating that people not take advantage of a 401k because something about the government potentially seizing it is basically saying you shouldn't save money at all.