"People like to think of employers as social welfare organizations, but they're not..."

other notable quotes from that article are:

"...We're moving from a benefit system that's employer-controlled and -provided to one that is employee-controlled," said benefits council president James A. Klein.

"That's frightening in some respects," he said, but quickly added, "It's encouraging too, because we're going to help individuals be prudent health and retirement consumers."

Some analysts find that prospect dubious.

"We're moving back to a world that existed in the early 20th century when only an elite group of companies provided pensions and some degree of career employment," said Sanford Jacoby, a UCLA economist and author of "Modern Manors," a study of employer-provided safety nets. The only reason firms can drop pensions, Jacoby said, is that "they have the fig leaf of 401(k)s..."

but, as this bit from CJR Daily points out, most people SUCK at investing for themselves, contradicting the bullshit "you can invest your money better than the gubmint" line that they're been trying to push for months.