Your new financial advisor is this 4x6" index card

401ks were not intended to replace pension plans. The plans were put into place with the best of intentions, i.e. to allow people to build extra retirement nest eggs in addition to their pension plans. Then along came Reaganomics and the whole Repub. anti-middle-class plans, and companies realized they could dump their pension plans w/out any backlash, so they did.