Watch the following video:

https://www.pbs.org/wgbh/frontline/documentary/retirement/

Thoroughly answer the following questions and provide citations:

1. What can HR Managers (or Compensation and Benefits Managers) do to help employees participate in and manage their 401K plans?
2. What are some of the reasons why so many employees do not save enough money through the 401K plan, to retire comfortably?
3. What are some of the factors that contribute to individuals having enough money in their 401K plans in order to retire comfortably (that is, what makes this plan more successful for some)?
4. What percent of employee's pay should be put into the 401K plan each year (the employee and employer combined contribution) and for how many years, in order for an individual to have enough money for retirement (A range is provided by a couple of experts in the video)? Do you feel like this is a realistic and appropriate range? Why or why not?
5. How did 401K plans come about (what is the history behind the introduction of these plans as a type of retirement plan)?
6. Why did companies embrace 401K plans so enthusiastically?
7. What reforms to 401K plans does David Wray suggest in order to make them less risky for employees?
8. Finally, based on what you have learned in this video, what are two to three key "takeaways" that have implications for you personally and/or for an HR or Compensation and Benefits Manager? Be specific about how something you learned will influence the way you think about retirement savings throughout your adult life and/or once you are in a position to influence compensation and benefits policy in an organization.