There have been many attempts to restructure 401K plans, to make them better.  Now there is a plan to get rid of them altogether, to replace them with a single defined contribution plan.  See this article in MarketWatch by Robert Powell in the Wall Street Journal post about the plan proposed by Russell “Rusty” Olson and Douglas Phillips:

http://www.marketwatch.com/story/time-to-get-rid-of-all-those-401k-plans-2014-08-28?page=1

Would this consolidated plan be another major government bureaucracy or would it actually accomplish the job of consolidating and streamlining the company defined contribution system?  I am curious to see if such a plan would ever show up anywhere but in academic papers, like this one.  With Congress so divided on everything, getting this passed seems like a dream.

 For financial,  accounting and tax musings,