And this is why I'm going to have a hard time feeling sorry for anyone still paying into these things when they gdt nationalized. You get into deal with two groups of thieves and liars doing you a "favor" and not expect it to end badly for you? It's a rigged card game and in any rigged card game if you don't know who the chump is before the cards are dealt, it's probably going to be you.
Knowing what is coming, many people are not putting anything into them anymore. But how does one avoid getting their 401k steamrolled? If you have 200k in a 401k and you can only take out a max of $10000 twice per year, pay the taxes...and pay a 10% penalty on top of that...how exactly does one get the dough out of the way of the Gubmint's new freight train?