I wouldn't count on that state of affairs remaining. In particular, as another poster mentioned, the unions - which clearly have control over the democrats, as witness how the democrats turned on a dime to please their union bosses over the "cadillac tax" issue - have demanded that the democrats seize all private retirement arrangements - 401(k)s, IRAs, and the whole panoply of other arrangements - and put them all into a single federal pension plan.
The obvious reason for this is that the union bosses have always used union pension funds as their personal piggy-banks and have basically raided the pension funds of union members for their own corrupt benefit. In order to make up for the stolen funds, they want all retirement plans - union pension plans as well as 401(k)s - all put into a single pot of money so that, basically, your 401(k) would be used to make up for the money that the union bosses have been stealing from the union pension funds.
When this happens, you will get a chit - an IOU - for the funds that will be seized from your 401(k), which will ostensibly give you the right to receive benefits from this new federal pension fund once you retire. Of course, by the time you retire your money will have long since been used up paying benefits for union members who have already retired, and your IOU won't be worth the paper it's written on.
In other words, the unions are going to use the coercive power of the federal government to steal your 401(k) funds for their own private use.
Until and unless both the democrats are removed from power and the unions are put back in their proper place - that is, the NLRA is either repealed or substantially rewritten - I would not contribute any more amounts to a 401(k) were I you, and I would be working on making the largest permissible early withdrawals I could from any existing 401(k) or other retirement arrangement, such as an IRA, for things like educational expenses, purchasing a home, or the other permissible early withdrawal purposes.
